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Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Strepsil
View:
Post by dragonfly454 on Nov 08, 2021 8:16am

Strepsil

Repsol were not prudent they should have overkilled the estimate of the overburden density by a factor of at least 25 %..when going into the unknown err on side of caution. Maersk Discoverer has good overkill for Kawa-1 pore pressure so I'm not worried. With the source rock directly under and good pressure bearing down would be adequate for the thermal cracking ..the distinct morphology of the infilled channel that winds across the lobe is like a chisel tip being pushed down towards the source rock creating a pinpoint of extreme high pressure in zone across the lobe with the well bore going down the SE side into that deeper zone almost with the channel itself creating trapping layers and migration paths within the Santonian.
Comment by Dirksidetrack on Nov 08, 2021 8:25am
Aha! So they might be drilling directionally lining up be as parrallel as possible to Santonian dip angle. That would explain slower progress. Open up many more feet of pay as well.
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