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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 > Salvador Dali's Alice in Wonderland
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Post by dragonfly454 on Nov 08, 2021 11:23am

Salvador Dali's Alice in Wonderland

Stuck at six o'clock ...Yeah with the overpressure at Maka-Central at the Santonian depth plus the bouyancy of hydrocarbons with possiblity of the Kawa and Maka Central lobes being connected and Kawa being updip with the Eocene Paleocene sediments being less dense I would expect lower API oil in Kawa once that connection is in place or they both have the same source point to be charged from... remember Maka-Central was overpressured...that being said I anticipate next well would be drilled at Demerara block in the short time window to keep the block and Kawa-West possibly just after with that well being named Wei-1
Comment by soulfire on Nov 08, 2021 11:31am
df454 if it's lower API does that mean it will be Heavy crude or just a little heavier that MAKA Central?
Comment by dragonfly454 on Nov 08, 2021 12:26pm
@ soulfire lower API is better ..if Maka-Central was in the 35-45 range I would put Kawa-1 to the lower end of that .
Comment by soulfire on Nov 08, 2021 12:31pm
OH Ok I thought you meant lower than the range you posted. Thanks DF454 for clarifying
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