Atlantic Margin Exploration Landscape slide image

Atlantic Margin Exploration Landscape

Corentyne Area: Well Results Stabroek Haimara/Maka Carapa Kanuku Pluma Central Kwaskwasi Sapakara West cgx energy inc The recent success in the area points towards low risk exploration in the Corentyne block Corentyne Area Wells • ● Offset wells to the Corentyne Block encountered good quality sands in the Cretaceous The discoveries are a mix of light oil, condensate and gas; all low Sulphur content • Discoveries adjacent to Corentyne block • Pluma: 2 miles • Haimara: 8 miles Corentyne 25 miles Well Results • Stabroek Pluma • 37 meters of high-quality hydrocarbon-bearing sandstone reservoir. Stabroek Haimara . 63 meters of high-quality, gas-condensate bearing sandstone reservoir Block 58 Maka Central . 73 meters of oil pay (API oil gravities between 35 and 45 degree) • 50 meters of light oil and gas condensate pay • Maka Central: 7 miles • Kwaskwasi: 15 miles • Sapakara West-1: 20 miles • Northern Corentyne area expected to have light oil with a mix of condensate and gas with low Sulphur content • Block 58 Sapakara West-1 • Campanian: 13 meters of net gas condensate & 30 meters of net oil pay (API oil gravities between 35 and 40 degrees) Santonian: 36 meters of net oil-bearing reservoir (API oil gravities between 40 and 45 degrees) Block 58 Kwaskwasi-1 . • Campanian: 63 meters of net oil pay & 86 meters of net volatile oil/gas condensate pay (API oil gravities are between 34 and 43 degrees) Santonian: 129 meters of net hydrocarbon reservoir www.cgxenergy.com 13
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