Corentyne Acreage and Activity Overview
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Guyana Basin E&P
Derisking Basin with Discoveries
Stabroek block
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Liza was the first commercial discovery of Oil and Gas in Guyana in May 2015
cgx
energy inc
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Since, over 11 billion barrels of recoverable oil equivalent have been discovered, with billions of barrels of
undrilled potential
34 major oil discoveries as of March 2023
Multiple play types: Cretaceous and Tertiary sands as well as carbonates
Discoveries adjacent to northern region of CGX's Corentyne block at Pluma, Sailfin and Haimara found
37 meters, 95 meters and 63 meters of high-quality hydrocarbon-bearing sandstone reservoir
Block 58 Suriname
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Adjacent to northern region of Corentyne block, 5 discoveries were made analogous to prospects
identified by CGX
January 2020: significant oil discovery in Maka Central well announced; discovery 7 miles from northern
region Corentyne
April 2020: Sapakara-West well announced 79 meters of net oil and gas condensate pay in two intervals;
20 miles from northern region Corentyne
August 2020: Kwaskwasi 278 meters of net oil and volatile oil / gas condensate pay 15 miles from
northern region Corentyne
January 2021: Keskesi discovered oil/gas condensate pay 30 miles from northern region Corentyne
July 2021: Sapakara South discovery well encountered 30 meters net pay further expanding the
Sapakara Complex
February 2022: significant oil discovered at Krabdagu-1; drilled to approximately 17,300 ft and
encountered multiple stacked pay targets in Maastrichtian and Campanian intervals with
approximately 295 of net oil pay
www.cgxenergy.com
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