CGX Resources Inc. Awards Rock Solid Images with Rock Physics & Seismic Inversion Project, Offshore Guyana
HOUSTON-(Business Wire)-September 29, 2009 - Rock Solid Images, a member of the OHM Group, announces today that the company has been awarded a rock physics and seismic inversion project offshore Guyana by CGX Resources Inc., a wholly owned subsidiary of CGX Energy Inc.
CGX’s Vice President of Exploration, Warren Workman, said: “The conventional processing of our 3D program, the first shot offshore Guyana, is nearing completion. We are very encouraged by the time and depth images and our initial interpretation. To complement this analysis, CGX has engaged Rock Solid Images to determine the reservoir properties (lithology and porosity) and conditions (pore fluid) from the seismic data for our identified targets. In similar geologic settings, Rock Solid Images’ rock physics and seismic inversion experience has been effective in achieving these goals. We are looking forward to utilizing Rock Solid Images’ knowledge of rock property-driven seismic signatures to reduce our risk in this underexplored, but highly prospective basin.”
Rock Solid Images’ Senior Vice-President, Gareth Taylor, said: “We are very excited to have been given the opportunity by CGX Resources to apply our rock physics and seismic inversion workflows on this high-profile project offshore Guyana. Following the completion of several successful projects in the middle and upper Cretaceous formations of West Africa, we are confident that this knowledge will be applicable to understanding the virtually identical stratigraphic succession that exists in the Guyana-Suriname basin.”
About the OHM Group:
Offshore Hydrocarbon Mapping plc is listed on London's Alternative Investment Market (OHM) and provides Controlled Source Electromagnetic imaging services to the offshore exploration industry. Rock Solid Images is an industry leader in the integration of fundamental rock physics with well data and surface seismic in order to interpret geophysical signatures in terms of reservoir properties such as lithology, porosity and saturation. For additional information, visit www.rocksolidimages.com.
About CGX Energy Inc
CGX Energy Inc. (TSX-V- OYL) is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana basin. CGX is managed by a team of experienced oil and gas and finance professionals from Canada, U.S.A. and the UK. CGX is financed internationally and has shareholders worldwide. Additional information on CGX Energy may also be examined and/or obtained through the internet by accessing CGX Energy's website at www.cgxenergy.com.
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