Corporate Presentation Exploring for Oil & Gas in Guyana November 2014
OVERVIEW O&G exploration operations in the GuyanaSuriname Basin (GSB) Emerging GSB still underexplored but with a proven active hydrocarbon system CGX focused solely on Guyana Offshore and onshore acreage: 3.3 million (gross) across…
OIL & GAS EXPLORATION IN GUYANA www.cgxenergy.com 4
CGX A JUNIOR OIL & GAS COMPANY WITH HIGH IMPACT ASSETS CGX has first mover advantage in securing third largest acreage position (3.3 million gross acres) in the highly prospective GuyanaSuriname Basin Major oil companies are…
CERTIFIED PROSPECTIVE RESOURCES WITH SEVERAL DRILLING PROSPECTS CGXs assets are located in a proven hydrocarbon system Corentyne offshore block with certified Prospective Resources as of 12/31/12 (P50 basis): 779 MMbbl of oil 743…
ATTRACTIVE LEADS AND PROSPECTS IDENTIFIED Current Lead/Prospect Map DeGolyer & MacNaughton Resource Report Units Low Best High Mean Oil MMboe 535 779 1,134 813 Solution Gas MMboe 85 116 159 120 Sales Gas (Eagle Deep) MMboe 596…
CGXS NEAR TERM CATALYSTS Recent strategic investment in CGX by seismic contractor BGP (wholly owned subsidiary of the China National Petroleum Corporation (CNPC)) BGP currently shooting 3,100 km of 3D across CGXs Demerara Block in…
CGXS COMPETIVE ADVANTAGES IN THE BASIN InCountry Expertise Proven Management team with significant expertise in the region Only E&P company with Guyanese board members and Guyanese CoChairman Incountry team + Guyanese Country…
GOFORWARD PLAN New license commitments Three wells and two seismic surveys resulting in an estimated gross capital spend of US350mm: Corentyne Block MM 1st Commitment Well 75.0 2nd Commitment Well 135.0 Demerara Block 3D Seismic…
BERBICE DEEP SEA PORT PROJECT www.cgxenergy.com 11
PROJECT LOCATION In 2010 GCIE secured a 50year land lease from the Government of Guyana for a 22 hectare plot with 600 meters of frontage property at the mouth of the Berbice River Berbice is one of 3 major rivers in Guyana 600…
PROJECT PHASES I III Objective is to build a deep sea port to service both Berbice Deep Sea Port Phase I Concept the highly active offshore oil and gas exploration industry in the GuyanaSuriname Basin as well as regional…
PROJECT STATUS Total estimated budget for Phase I is 28mm Phase I Sand Installation GCIE is currently complete with 20% of Phase I construction Phase I activity milestones todate: Land cleared (400m x 200m) Geotextile fabric…
COMPETITIVE ADVANTAGE & OVERALL OPPORTUNITY Significant opportunity for GCIE due to a number Port of Georgetown of factors: Port of Georgetown (PoG) is congested and lacks the ability to expand PoG is unable to accommodate large…
MANAGEMENT TEAM Dewi Jones 25+ years of E&P technical and management experience in Latin America most Chief Executive Officer recently, Executive Vice President, Exploration and General Manager, CGX Energy 6 years of experience…
EXECUTIVE COMMITTEE OF THE BOARD Serafino Iacono Executive CoChairman of the Board and Director of Pacific Rubiales since 2008 CoChairman Previously CoChairman of the Board and CoFounder of Pacific Stratus Energy Ltd. Over 28 years…
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