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Investor Presentaiton

North Corentyne Block Exploration Kawa-1 Results TERTIARY Maas/Camp 1,2,3 Camp 16 Sant 18- 19 Sant 22 Con 23C APTIAN-ALBIAN 36" 22 " 18' 135" 113/4" TD (not reached) 21,578 ft TURONIAN Log pay and shows suggesting condensate Log pay and shows suggesting oil cgx energy inc An active hydrocarbon system has been proven to extend over 6000 ft of depth, with preservation of good porosity at depth, and 228 feet of log pay. Highlights of gross pay intervals are displayed. Hydrocarbon type mirrors regional trends in this area; gas condensate prone in Maastrichtian to Campanian, and oil prone in Santonian and deeper MAASTRICHTIAN Package of three blocky sands with combined 68 ft log pay, 16 - 26% effective porosity, and indications of gas condensate; analogous to Pluma and Haimara discoveries on Stabroek Block CAMPANIAN Thin sands with good porosity and interpreted large area connected deep offshore; combined 66 ft log pay, 14-26% effective porosity, and indications of gas condensate; analogous to discoveries on Stabroek Block and Block 58 UPPER SANTONIAN Channel complex with two packages of sands with combined 41 ft log pay, 12 - 19% effective porosity, and indications of light oil; analogous to discoveries in Block 58 and deep discoveries on Stabroek Block. Thicker complex and more sands expected away from wellbore. LOWER SANTONIAN Thick package of thin bedded sands with 35 ft log pay, 10 - 18% effective porosity and indications of light oil CONIACIAN Stacked sands with 18 ft log pay, mostly in bottom sand, effective porosity 10 - 13%; but kick and good porosity in cuttings at TD indicates additional better reservoir below; oil indicated by shows and presence of light oil in annulus mud. www.cgxenergy.com 12
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