Corporate Presentation Exploring for Oil & Gas in Guyana March 2015
WHY EXPLORE IN GUYANA Emerging GuyanaSuriname Basin similar to proven & producing Basins of West Africa Equatorial Margin 2011 Zaedyus discovery offshore French Guiana Still under evaluation; however, proves viability of the…
GUYANASURINAME BASIN NEAR TERM ACTIVITY Over the next five years, more than 3x the number of exploration wells will be drilled than in the last five years across the South American Equatorial Margin Presence of major industry…
CGX ENERGY COMPANY 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…
CORENTYNE BLOCK MAIN PROSPECTIVITY CGX Energys assets are located in a proven hydrocarbon system Corentyne offshore block Prospective Resources certified by Degolyer & MacNaughton as of 12/31/12 (P50 basis): 779 MMbbl of oil 743…
KABUKALLI PROSPECT Kabukalli Campanian Surface 3D Projection Kabukalli Structural Depth Map Campanian 4Way Closure (C.I 25m) Top Campanian Kabukalli1 Well N Kabukalli1 Proposed Well Kabukalli 3D Seismic CrossSection KAB1…
EAGLEDEEP PROSPECT EGD Prospect 2D Opacity Visualization EGD Prospect Turonian Fan System EGD1 Well P10 P Mean EGD1 P Mean EGD Turonian P10 EGD 3D Seismic CrossSection Fan System SW NE EGD1 Well Top Campanian…
CORENTYNE BLOCK SCOPING ECONOMICS Kabukalli Prospect (Campanian) EGD Prospect (Campanian + Turonian) Corentyne Block - All Prospects Low Case (P90) - 135 mmbbl Low Case (P90) - 581 mmboe Low Case (P90) - 766 mmboe NPV10 IRR TEFS…
DEMERARA BLOCK NEARTERM UPSIDE 3,100 km 3D seismic shoot completed December 9, 2014 Schlumberger contracted to process data final results expected Q4 2015 Prospects to be generated before yearend ahead of 1well drilling program…
BERBICE BLOCK ONSHORE HEAVY OIL POTENTIAL 3,000 line km airborne gravity & magnetic survey completed in January Airborne survey will be used to position a 500 line km 2D seismic survey to take place early 2016 CGXs current…
CGXS NEAR TERM CATALYSTS Recent strategic investment in CGX by seismic contractor BGP (wholly owned subsidiary of the China National Petroleum Corporation (CNPC)) BGP shot 3,100 km of 3D across CGXs Demerara Block in exchange for…
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 License commitments Three wells and two seismic surveys resulting in an estimated gross capital spend of approx. US350mm: Corentyne Block MM 1st Commitment Well 75.0 2nd Commitment Well 135.0 Demerara Block 3D…
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 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 experience…
Corporate Office 333 Bay Street, Suite 1100 Toronto, ON, Canada M5H 2R2 +1 (416) 3645569 Houston Office 810 Highway 6 South, Suite 240 Houston, TX, USA 77079 +1 (832) 3003200 Guyana Office Lot 210, New Market Street North…
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