CGX Energy Inc V.OYL

160 ft onshore vs 170 ft offshore

[FatsDomino]

CGX says it hit 170 feet of reservoir sands in offshore Guyana. Offshore drilling is very expensive. They need more money and they need it now. No idea of the quality of the hydrocarbons in the sands. Is it 3 separate intervals that add up to 170 feet? Water saturated? Lot's of question and lots of money required to answer them. Market cap = over $ 1.2 billion. wow.

XOP hits 160 feet of reservoir sand onshore in oil-friendly Wyoming. In 2 wells: 140 feet of oil in one, 20 feet of oil in the other. Onshore is drilling is much cheaper. Market cap = $ 100 million.

One of these companies is way overvalued. LMAO. DYODD.

[CLOUDER]

O.M.G.  there is no coparison man,   pi s poor  bashing,  lol.  you 2 should get a room.   but this is a good sign  guys   the shorters are scared and have hired  bashers,  a  bad  one  and a subtil  one.  lol.

[PlainviewOil]

Thickness by itself doesn't tell the whole story. In very rough terms you want to worry about hydrocarbon pore volume of the entire accumulation   gross rock volume (GRV) = thickness X area  Net pore volume = GVR X porosity (% of rock volume that has "holes in it) X net to gross (% of the total interval that is sand vs shale) Hydrocarbon Pore Volume = net pore volume X

[Dirksidetrack]

170 ft of shale oil in Wyoming maybe produce 4000 bbl/day for a year or so before it starts going to nothing. 100 ft offshore Guyana cranks out over 200,000 bbl/day for 20 years.

[FatsDomino]

how do you know the size of the reservoirs and flow rates? let alone the quality of the oil/gas. Lots of wild assumptions here that have pumped this up to a $ 1.2 billion market cap. DYODD.

[FatsDomino]

now that the pump is over the company will be trying to do a BIG cash raise here. They need LOTS of cash to continue. That is no secret. Big pump started before the results came in. If the company is lucky, they might get a big pp done near $ 3. But my guess is it will be at less than that.