CGX Energy Inc V.OYL

My analysis

[dragonfly454]

There was a deliberate push to breach 90 cents stop loss triggers today...this was a calibrated,coordinated shake out.with a million plus rolling loose it seems the feeding frenzy stopped after there was no reactive widespread panic..reslience ..This is playing out like Apache did on Maka-Central or someone with resources is fixing to make sure it does...there is no info flowing from company but I'm imagining  a probable scenario.
Maybe some difficulties after Campanian just about entry point to Santonian they got differentially stuck ..had to be jarred loose moved anchors etc a bit then realigned probably a slight sidetrack ..this would push into a cost overrun so decision to continue is probably based on positive results in Campanian and fact that the main horizon just a hundred meters below so what ever remediation was done with maybe  some hydaulic oil etc spilling nothing big and they back on program but behind schedule by 4-5 days with Enav Peregrina gone back to Chaguramas get additional material to effect any well design changes maybe losing a diameter along the way etc..just hypothetical ..the above is just a suggestion and should not be taken as gospel advice or misconstrued in anyway by morons...of course morons would  because as it is said in Catcher in the Rye.."all morons hate it when you call them a moron".anyways somewhere someone is seeing value at US 90 cents where others saw at US$1.51

[jada13]

DIFFERENTIALLY STUCK WOULD EXPLAIN A LOT. MAYBE THAT IS OUR OIL FLOATING.THE TIMING IS VERY CLOSE TO THE TARGETS BEING DRILLED.

[Dirksidetrack]

Yep it would. High mud weight due to high pore pressure creates hydrostatic pressure overbalance relative to a lower pore pressure formation up hole. Then inactive drill string for an extended period of time like when killing a kick in maybe a high angle well creates conditions for differential sticking.Oil spill is something else is my bet. Lots of oil tankers from Venezuela go by there on way to

[dragonfly454]

Ok ...thanks Dirk I would not disagree ..after all what the dif between one speculation and another ...on the SP deffo some good resistance below 90 centavos .Butterfingers real cheap today mate. To do the migration model proper it seems like I would have to get some conglomerate and breccia and other sandstones and some mud lol ..and a 3-D printer .I'm looking at Maka-Central the Campanian

[Dirksidetrack]

Ok let me try to decifer. You know that before CGX drilled Eagle, they flew in the coman who handled that mess on Shell Abrary to get his ideas on how to drill Eagle. You're talking pressure inversion, where pore pressure gets very high requiring high mud weights then drops abruptly lower down and you start losing mud to the hole. That was the nightmare on Abrary Street. Eagle they prepared

[dragonfly454]

Thermal cracking is the process that happened 85 million years ago mya when heat by pressure caused the kerogen to give it up...you overthinking it ..inversion of the basin itself not thermal ..uplift I'm talking..yep Abary ..at some parts of the drape there are pockets or zones of extreme pressure created by the angle of the slump and the rising gas 

[Dirksidetrack]

Ok cracking as in cracking the cyclical carbon bonds on the larger hydrocarbon ring (aromatic) into smaller molecules on a microscopic level. Not macroscopic cracking. In other words temp so high that kerogen got cooked into natural gas in some areas. Is that correct.Hey Dfly , thanks for your input. I've been posting geological questions scouring responses for explanations since August trying

[dragonfly454]

07:45 AM Hey Dirk.. man some of these individuals test my patience ..purile and moronic indeed. Thanks for reminding me I was so taken up with the Bath without Treasure yesterday as the share price fell I forgot that PSG was playing ..they won against Club Bruges ..free money bet it was ..made lunch,dinner and a mid shelf wine lol .. GT is a mess today with heavy rainfall and some flooding

[Dirksidetrack]

Yeah no kidding. You been telegraphing things, especially geology, (who cares about operations) this entire well. So they got clay in Santonian? No good. Anyway let's see what OTC market makers or mm's as they're called think about this. They got the cash to hire their own $2000 per day experts to guide them. Maybe that's why you posted PSG 1.40 for a draw. Geez, world full of dumb

[Dirksidetrack]

Oh and should clarify who dumb people are. Not IQ . Dumb people are people who are too lazy to make the best use of what God gave them.

[RightAngle45]

I thought you stated that you were done posting here ??

[Dirksidetrack]

Well when people mention me then I respond. Otherwise don't care. So don't mention me and you won't hear from me. Talking to Dfly on Whattsapp All I need for relevant info. Nothing here. Obviously.

[CLOUDER]

HEY  DirKsidetracK,   lol,    hey what do you think of CGX`s chances?,  and (when)  they hit a billion barrels, just how high will she go?                                                               

[Dirksidetrack]

Geez Clouder, Tough one. Been out weeding all day. Taking advantage of a nice cloudy day here. Crops growing nicely. Will have food on table for months. Oyl sp not relevant to me. Started following because my buddy in Canada wanted me to follow. I'm much more interested in oil sands. Bte, cpg etc doing fantastic.Bte using "throughput" accounting methods to invest in reducing

[CLOUDER]

hey things might be turning,                             hey  dirk what the hell is     HIGH  ANGLE,    is this an oil field expression?

[Dirksidetrack]

Low angle is close to vertical down. As you approach horizontal the angle gets higher in oil field speak.

[Miftee9]

Just for the record they Clearwater and Peace river are not close.  In fact, 2 completely different terrains.  Buy hey, if you say so.

[Dirksidetrack]

Clearwater is a formation that extends across northern Alberta. Anyway clarify with Baytex that they're mistaken. They say Peace River area: https://www.globenewswire.com/en/news-release/2021/09/01/2290446/0/en/Baytex-Provides-Update-to-2021-Clearwater-Appraisal-Program.html

[jada13]

[jada13]

I was going to say there is surely an overactive brain playing multiple characters. All we can do is wait.sucks I know but to many drangflies are very annoying.

[Dirksidetrack]

Jada13, Annoying? I'm annoying? Ok sorry, I can be zero annoying if that's what you and others want. Useless board anyway. I haven't learned anything here from anybody except for Dfly.