Welcome news. 

If oil is discovered I can see people celebrating on the streets of Guyana with steel band and tassa.

If oil is present in the waters offshore Guyana Tullow and Repsol will find it and bring it up.

Rev

Discovery of oil will surely bring in an enormous amount of wealth. This blessing will be accompanied by many terrible things such as increased rivalry between the two major races and Caribj and his comrades demanding reparations for 200 years of slavery.

Guys, let us find the oil first and let all Guyanese enjoy the results. It should not be limited to one race. We have a family of six, now seven with mixed race. We will have enough for everyone.

Open the oil well and let the man come in. All a we is one family.

I hope they realize is oil they looking for, not water.

Be an optimist Mr.T

Oil and gas reservoirs are not static and tend to migrate due to porous rocks and overlying temp and pressure. In most cases drilling tends to be a hit and miss affair and can take up to 20 exploratory wells before you hit the reservoir. Here is an article that any one with A level physics can understand.

http://www.searchanddiscovery....nts/97018/mechan.htm 

Aile migrate?  Mi tink donk hay nuff ting ah goa baktrak, no visa required.

Oh Rass yuh had to fish up Redux suh. I am not sure but I think he is capable of dealing with A Level.

Sledge, will you hire us if oil is found ? Or will you require that we get working Visas.

Bhai Yuji22, abie goa mek wan place fuh alyuh, no baktrak, but no funny dealings.  Abie goa strike aile, juss hold yuh pants.  Venez full wid aile, Brazil gah nuff nuff aff shore.  Ah wah wrang wid we, goat bite abie?

LOL. You are funny.

I am certain that you will strike oil, only a matter of time. In fact just in time before the AFC disintegrate.

Abie lil poor k0ntry goa get 'e day and all who tek dem eye pass abie gon geh nuff eye waata.  Dem seh, every daag get 'e day, well abie day goa come.

With oil comes power and corruption. I hope you are still honest then and we do not have to pass a few dollars to you before you allow us to enter Guyana.

Otherwise, we will use the Surinam back track and cross through Crabwood Creek.

bai, nuff abie dont like corruption, but nuff coolies like bribe.  Coolies wuss dann blacks fuh bribe.  Mi tell Ramotar fuh leh we put in da China model.  Wan good bullet dem head.  Wenn mi seh dah, e' grab he head laka e' ah geh headache.  Nuuf nuff tings wrang donk hay, bu nuff nuff tings rite also.  Abie po tap.

Talking about corruption what is your take on the AFC elected official exposing corruption in the AFC ?

What do you think of  Moses and Ramjattan and their little parrot Gerhard now ?

I hear stories of workers being under paid and exploited, who will help them ?

Migration of gas and oil in this context occurs at a rate of a few kilometers in a couple of million years.

It's not as if the oil's running around playing whack-a-mole with oil rigs.

What the hell is your point  . . .?!!

I will wrap up my postings on this rather juvenile rah rah thread by alerting Kari that I haven't forgotten his nonsense on the other thread and will be responding in full sometime tomorrow.

I've had a full day away from GNI doing productive things.

Would the shares be considered Canadian flow threw shares ?.  Because if that is the case then maybe the investors can get back something if they hit oil or not.

Oh,  and by the way . . . CGX could do the Guyanese people a huge favor by telling us SOMETHING WE DON'T ALREADY KNOW!

It said that during drilling, the Eagle-1 well encountered oil and gas shows through the objective Eocene and Maastrichtian geologic zones and at the, yet to be confirmed, Oligocene zone indicating an active petroleum system where generated hydrocarbons have migrated through the pre-Miocene section drilled by the well.

The company in its release said that after combinable magnetic resonance and modular formation dynamics were run, it was determined that while there was a presence of good quality sandstone reservoirs, they “unfortunately” proved to be water bearing.

============================

Most people imagine the oil bearing strata as a horizontal layer of chocolate in the middle of a cake. The fact is that is resembles a 3D sinusoidal curve where the gas and oil migrates to the apex of the curve. Imagine burying 10 oranges under a foot of sand then trying to push the stick down  and hit the top of the orange. While you know approx depth of the strata if you hit the sides or in between the oranges you come up with water. Because of the difference in density, gas always migrates to the apex of the curve, oil is under the gas and water fills the rest of the strata.   

NO they don't!! Anyone with even a passing interest in the oil drilling business understands that you have to locate a trap.

You guys need to stop trying to impress people with irrelevant cut & paste industry jargon and geophysics that you barely understand.

BTW, the CGX release ginned up to impress the poorly informed and easily impressed can be summarized simpy as this: "we punched through the eocene and into the maastrichtian and found mostly water."

All the additional BS about an "active petroleum system" is not news. The Corentyne PPL's source kitchen is a known quantity!

Give it a rest already

All the risks are on CGX's side and the actualized rewards will be the people of Guyana. How can you beat that?

CGX has invested millions of dollars in Guyana. Look at foreign private investment in Guyana in the last decade and tell me the things that make you, Reduxion, sour on CGX's involvement. Have they stolen your money? Are the terms of Agreement such that it can be called economic rape?

Your education continues.............

CGXEF stock is rebounding from its rock bottom price(0.33). It is up a few pennies.

I can afford to buy more now.

Your affinity for con men who rely on information control, bluster and showmanship to obscure the 'big picture' is noted.

I'll deal with you more comprehensively later.

"Deal" with me???? Good Lord, I'm in trouble now.

Redux are you invested in CGXEF?

If not now it a great time to jump in.

Pontificating on the forum gets you nowhere!