(TSX-V: OYL) www.cgxenergy.com Annual & Special Meeting of Shareholders Toronto Board of Trade June 17, 2010
Executive Summary Independent E&P focused in a highly prospective basin Committed to two wells in next 12 months 100% Eagle well has prospective resource best estimate of 300 mmbbls net to CGX 25% Jaguar well partnered with Repsol,…
Financing Use of Proceeds CGX Capital Requirements (C Millions) Amount Georgetown PPL (25% WI) 21.0 Jaguar Well, Cretaceous Turonian Test Jaguar is targeting the Upper Turonian formation that is analogous to the Upper Turonian…
Activity Timeline 2010 2011 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Financing Rig Tender Drill Jaguar Well on Georgetown Licence Drill Eagle Shallow Well on Corentyne Licence A drill rig tendering consortium is contracting a rig to drill…
Joint Venture Process Managed by Jefferies & Company Virtual Data Room Physical Data Room - 2,345 km2 of new 3D seismic on work stations Summary of Process A number of companies contacted A significant number of companies signed…
Equatorial Atlantic Margin Play The Atlantic Margin at Turonian - Campanian Time (Mid Cretaceous) Venus - Campanian (Anadarko, Repsol, Woodside and Tullow) Guyana/Suriname Basin Jubilee, Tweneboa - Turonian (Kosmos, Anadarko,…
Proven Hydrocarbon System Offshore Guyana Under Explored Only 11 wells and 21,000 km 2D from 1958 to 2007 Abary Shell 1975 In-well blow out 37 API oil in mud Tambaredjo and Calcutta 1.0 billion barrels OOIP Outline of…
Guyana Suriname Basin Operators Preparing to Drill Potential drilling within 12 months 9
CGX Preparing to Drill Two Wells Georgetown Jaguar 25% WI WI % (Repsol 15%, YPF 30%, Tullow 30%) Drill Location Turonian Prospect Spud H1 2011 TD 6,500 metres Cost US80 million 1,839 sq km 3D seismic 100% 100% Corentyne Eagle…
Jaguar to Test Turonian Trend Eagle to Test Eocene Trend Success in Jaguar (JAG- 1) or Eagle (EG-1) leads to multiple opportunities Primary Prospects Turonian Basin Floor Fan Eocene Turbidites Leads Maastrichtian Sand…
Depositional Model for Turonian Berbice Canyon 25 km across 1.3 km deep Richards, Bating, Bowman, 1998 12
Corentyne Incised Valley Funnels Sands on to Slope A Eagle Location B Shelf Margin Carbonates Sand Rich Shelf Cond Apro uit fo n San Oli r sand D epos d g Ch ocen into its an ne e basin Eoc ls Corentyne ene Incised V…
Success in Jaguar De-risks Eagle Cretaceous Turonian 14
Success at Eagle De-Risks Tertiary Eocene Trend 15
Key Management Overview Kerry Sully 40 years experience President Former CEO and Director of Ranchmens Resources CEO and Director Reserve assessments include Iran 1975 Financial modeling Texaco Exploration 1970-73 B.Sc. Chemical Eng,…
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…
Terms of the Offering Issuer: CGX Energy Inc. (CGX) Offering Unit offering of 65 million Unit: Each Unit comprised of one Common Share and one full Warrant (each full Warrant is exercisable into one Common Share for 18 months…
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