Billion Barrel Resource Potential Offshore Guyana NYSSA Future of Energy Investing Conference November 10, 2011
Positioned for Guyana Atlantic Basin Success n OYL on TSXV 326 million shares currently outstanding 341 million fully-diluted n Exploring for Oil in Guyana Four Petroleum Agreements 7.8 million acres gross 6.2 million acres net…
Georgetown and Corentyne Wells and Resources 4
World-Class Basin in Early-Stage Exploration N Oil Discovery Zaedyus Well 5
Net Acreage Positions in South Americas Equatorial Margin 6
Equatorial Atlantic Margin Play Mirror Image to Major Discoveries Atlantic Margin at Turonian/Campanian Time (Mid Cretaceous) Cross-Section Offshore Guyana Venus - Campanian Campanian (Anadarko, Repsol, Turonian Woodside and…
Proven Hydrocarbon System Inpex currently drilling Albian target Abary Shell 1975 secondary Murphy Caracara 2010 loss of control 37o Maastrichtian target oil shows outside of API crude at mature source kitchen Maastrichtian…
Corentyne Incised Valley Funnels Sands on to Slope (Turonian/Campanian) A Crabwood Location Eagle Location B 9
Jaguar Well to Test Turonian Trend Eagle Well to Test Eocene Trend n Primary Prospects (3D Mapping) Turonian Basin Floor Fan Jubilee Analogy Eocene Turbidites n Leads Maastrichtian Sand Abary Blowout Campanian Turbidite Venus…
CGX License Area Campos Basin In Campos OGX 5.7 Bbbls Resource Majority in Albian / Aptian Portion of Guyana Suriname Basin Campos Basin Inpex Albian Test Albian Prospects 11
Corentyne PPL 100% CGX Five Prospects and Three Leads P50 Mean Area Gross Pay Target Resource Sq km metres Billion bbl Eagle Eocene Prospect 0.3 (1) 97 79 Eagle Location Maastrichtian Lead - - - Campanian Lead - 77 609…
Metrics of Success /bbl Wellhead Price 83.66 Operating Cost 5.37 Capital Cost 2.20 Government of Guyana Take 40.71 Netback 35.38 NPV10 15.82 NPV20 7.94 Probability of Success 1:5 NPV10 Risked 3.17 NPV20 Risked 1.59 Floating…
Executive Summary n CGX Drilling in Highly Prospective Basin with Proven Hydrocarbon System Committed to two wells n CGX Testing Multi-Billion Barrel Potential Corentyne/Eagle Independent P50 Resource Assessment 2.8 billion barrels…
Key Management Overview Stephen Hermeston Over 30 years of E&P experience with Tenneco, Conoco, President , Chieftain, Kerr-McGee, Repsol and Occidental Chief Executive Officer Most recently with Remora International and Director B. A.…
Other Directors and Officers Kerry Sully Executive 40 years experience and past President and CEO, CGX and former Chairman CEO and Director of Ranchmens Resources B.Sc. Chemical Engineering, University of Saskatchewan David Christian…
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