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ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc.

Cgx Energy Inc. · Jun 23, 2011 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 1
    Billion Barrel Resource Potential Offshore Guyana Lets Go Drilling Annual & Special Meeting of Shareholders June 23, 2011
  2. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 2
    Key Management Overview Kerry Sully 40 years experience Executive Chairman Past President CGX Former CEO and Director of Ranchmens Resources B.Sc. Chemical Engineering, University of Saskatchewan Stephen Hermeston Over 30 years of…
  3. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 3
    Other Directors and Officers Denis Clement Director 27+ years experience in corporate finance, law and management Director of a number of public and private resource companies John Cullen Co-founder and Director 27+ years experience…
  4. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 4
    Executive Summary CGX Drilling in Highly Prospective Basin with Proven Hydrocarbon System Committed to two wells in 2011 40 million in working capital; pursuing joint venture partners CGX Testing Multi-Billion Barrel Potential…
  5. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 5
    World-Class Basin in Early-Stage Exploration 6
  6. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 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…
  7. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 7
    Corentyne Incised Valley Funnels Sands on to Slope (Turonian/Campanian) A Eagle Location B 8
  8. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 8
    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 9
  9. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 9
    Jaguar Well to Test Turonian Trend Eagle Well to Test Eocene Trend Primary Prospects (3D Mapping) Turonian Basin Floor Fan Jubilee Analogy Eocene Turbidites Leads Maastrichtian Sand Abary Blowout Campanian Turbidite Venus…
  10. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 10
    Corentyne PPL 100% CGX Three Prospects and Five Leads Source: Gustavson Associates March 2010 11
  11. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 11
    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…
  12. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 12
    Prospect Valuation P50 Resource Estimate NPV20 Note: CGX continues to pursue funding through joint venture which would reduce the current 25% interest in Georgetown Jaguar and 100% interest in Corentyne Eagle in this scoping…
  13. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 13
    Atwood Beacon Independent Leg Cantilevered Jack-Up 400 foot maximum water depth Rated to 36,000 foot well depth 14
  14. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 14
    Well-Equipped for HPHT Drilling 15,000 psi BOP stack Three 2,200 HP triplex mud pumps 15
  15. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 15
    Bristow AW139 Support Helicopters 450 Miles Cruising speed 122 knots Maximum speed 140 knots Range 489 km 2 crew Capacity Berbice 12 passengers 16
  16. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 16
    Support Vessels Bourbon Bourbon Big Joe Liberty 100 Liberty 200 Tide 450 Miles Length, m 58 60 67 Breadth, m 14 15 16 Max Draft, m 4.9 4.9 5.1 Berbice Max Deck 600 800 Cargo, tm Speed, Knots 11.5 11.5 12 17
  17. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 17
    7 Casing Strings plus 7 Contingency 450 Miles Berbice 18
  18. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 18
    Liquid Mud Plant Berbice 19
  19. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Cgx Energy Inc. – slide 19
    Billion Barrel Resource Potential Offshore Guyana TSX V - OYL Shares Outstanding: Basic 193,628,663 Fully-Diluted 205,573,663 www.cgxenergy.com 20

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