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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 > Slope
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Post by dragonfly454 on Nov 25, 2021 12:07pm

Slope

Within the study area, the Berbice Canyon incises into a substrate that has an average gradient of roughly 1.7 degrees. This value exceeds the typical gradient of a passive margin shelf, which is ~0.1degrees as observed on the current Guyana margin. Therefore, it is possible that the Berbice Canyon may have formed on a steeper than normal shelf or incised the shelf only near its shelf break and is predominantly situated on the slope. However, there is evidence to suggest the potentially greater likelihood of the former. Regional structural and free-air gravity maps of the Guyana-Suriname basin suggest evidence of a shelf-located depocenter in the Cretaceous that roughly coincides with the study area location (Figure 6.1). This Cretaceous depocenter is located on a structural low observed in the Jurassic acoustic basement, suggesting that the Cretaceous depocenter is above a Jurassic Graben (Yang & Escalona, 2011). A structural high can be observed in the proximal region(Kawa zone) of the study area that is truncated by the Albian Unconformity (Figure 4.4). There is also evidence of significant normal faulting. The study of the basement structure was out of the scope of this study, but could be explored in the future to dispute or confirm the notion of a steeper shelf caused by underlying structure....Me thinks it's the underlying structure
Comment by dragonfly454 on Nov 25, 2021 12:31pm
With it being the underlying structure rising shorewards and not only the Eocene Paleocene deposits above resulting in the change in water depth at Kawa vs Haimara it would be favorable in having the continuity of the Campanian ,the Santonian,the Turonian and source rock all the way under Kawa with the pressure to thermally crack source rock being relatively constant (variance weight due to ...more  
Comment by Dirksidetrack on Nov 25, 2021 12:43pm
Ok here's where I get lost and have not found an explanation for: During the Cretaceous sea levels were supposedly 80 meters higher than they are now because all of the glaciers had melted because of extreme global warming.So the Berbice River, which drained most of South America at that time, emptied into an ocean 80 meters higher. So why would there be a dip at all? Wouldn't sediments ...more  
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