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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 > Follow up well
View:
Post by Harel1976 on Feb 19, 2022 6:56am

Follow up well

Can anyone understand the corentyne wells costs nearly double then the apache's wells?
Comment by Dirksidetrack on Feb 19, 2022 7:23am
Harel1976, Yes I can easily understand it if they drilled into a massive structure with very high porosity and permeability charged with high pore pressure. Some see the high well cost as a negative. I see it as a potential positive because it might actually reduce the cost per boe to drill the well if the structure is loaded with hydrocarbons.
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