CGX Energy Inc V.OYL

Hi sparky

[BoDidley5656]

Words might be huge but do not carry much meaning when you have 9 billion barrels discovered to the north in a different reservoir and discoveries to the east in Suriname in a different part of the basin.   Be careful playing the trendology game.   I am not saying its bad news but I would like to suggest caution as the big words do not mean oil has migrated into the lower reservoirs yet to be drilled.  Its still a little bit like going to the roulette table in my opinion.   Again, dont bet what you cant loose!

[Caryar]

Oil, I believe, migrates up, not down. That's why it a good sign. Many drills have been halted before total depth, due to the negative signs above!

[Sparky5968]

Rest assured BoDidley, I reached my max quite a while ago. Very tempting to bet more but as the saying goes: "Set a limit, stay within it." A little corny, but good advice. I saw the news a few minutes after it came out this morning and after reading it several times I realized that the key adjectives were "active" and "several". Just wanted to point that out.

[Dirksidetrack]

Hi Sparky, I went looking for what the difference is between an active hydrodrocarbon system and an inactive one. Here's what I found: A source rock that generates petroleum, either biogenically or thermally. If a source rock was active in the past, it is either inactive or spent in the present.Also a petroleum system is defined as having 4 components - source rock, migration pathway

[Sparky5968]

Yes Dirk, "active" is the key word.

[Dirksidetrack]

Yes and we may be seeing a very "active" short squeeze happening right now as well.