CGX Energy Inc V.OYL

CGX & Kawa-1 Well

[BoDidley5656]

It seems some investors are grasping reality.  It is irrelevant what you think this investment is worth!  Here´s why.   This is an exploration well and by definition it is speculative and you are rolling the dice.   Also, for all who are using the Exxonmobil block as an analogue then I would suggest you look eastward in suriname where Total/Apache has made 3 big discoveries of similar age.   The well we have all invested in apparently has a different reservoir age and depth than the Exxon fields. So trying to calibrate your investment thesis using Exxons block or the so called golden lane is FLAWED.   The well is more updip than the Total wells and will encounter thinner sands.   Kawa will find oil but it will be subcommercial.   Trying to help!!

[Dirksidetrack]

I thought that the courser sediments fell out first at the mouth of the Berbice River in the Santonian Age leaving a thick layer of high porosity, high permeability deposits great for reservoir rock. This is where Kawa is. Down dip it thins out as finer sediments like clay and silt decant out of the water. Is this not how it works? Ok, ok, not questioning your knowledge. Always have to backtest my

[Dirksidetrack]

Where is Oil_Run?

[geomanx02]

You are correct about sand distribution.....however, coarse grain sands have less pore volume than fine grain sands thus less OOIP.  Fine grain sands have more clay size particles..... But, it's all just an illusion anyway you look at it..........

[SportyJ]

Bo, While I've known a few wildcatters that loved to roll dice but I never met one that had say 100 million in chips bet that on rolling snake eyes. Risk is a better term. There were risks on Liza and every well drilled after. The idea is learn, gain info, repeatable and lower the risks based on knowledge. While Kawa could turn out as you say; to say this is a dice roll is an insult to those

[AnMar]

I would have to agree with BoDiddley.