Cgx Energy Inc. · TSXV:OYL
Cgx Energy — Investor Presentation (August 2022)
16 slides from Cgx Energy's investor presentation, August 2022
Slide 1: Corentyne North
Corentyne North ie | August 2022 EG - i
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation includes "forward-looking statements", within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual e
Slide 3: Corentyne Acreage and Activity
Corentyne Acreage and Activity Corentyne Block In and Around Recent Discoveries CGX Offshore Acreage Position • Corentyne Block - 845,715 acres • North Corentyne - 140,850 acres CGX 2 Well Drilling Campaign in 2012 • Eagle Well - Oil shows • Jaguar Well - Light oil recovered CGX Corentyne Discovery
Slide 4: Guyana Basin E&P
Guyana Basin E&P Derisking Basin with Discoveries • Stabroek Block • Liza was the original discovery in May 2015 • Over 11 billion barrels of recoverable oil equivalent have been discovered, with billions of barrels of undrilled potential • 32 major oil discoveries to date • Multiple play types: Cre
Slide 5: Corentyne Geologic Setting
Corentyne Geologic Setting Reservoir Development Schematic Fan Lobe Deposition in the North Corentyne Region North Corentyne Turbot, depositional Longtail, etc environment STABROEK BLOCK 58 Lau Lau BLOCK Lukanani Haimara Pluma WEI-1 KANUKU BLOCK KAWA-1 The “Berbice Canyon” carried sand into Amplitud
Slide 6: CGX Energy – Offshore Activity Map
CGX Energy – Offshore Activity Map Exploration Activity Adjacent to North Corentyne North Corentyne is surrounded by recent discoveries in several Cretaceous horizons SEABOB (2022): KIRU KIRU (2022): PLUMA (December 2018): HAIMARA (February 2019): Suriname • 40 meters of reservoir • 30 meters of res
Slide 7: Corentyne Block Summary and Highlights
Corentyne Block Summary and Highlights Guyana Basin Exploration Guyana Deepwater Discoveries Guyana Basin Early Stages of Exploration • CGX has state-of-the-art 3D seismic acquired over the northern region of its Corentyne Block • Provided enhanced look at Corentyne prospectivity, in view of discove
Slide 8: North Corentyne Block Exploration
North Corentyne Block Exploration Kawa-1 Results 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. 36” Highlights of gross pay intervals are displayed. Hydrocarbon type mirrors regional trends in this a
Slide 9: North Corentyne Kawa Discovery
North Corentyne Kawa Discovery Santonian Channel Complex Pay Intervals • Kawa-1 targeted Horizon 19 and found numerous stacked off-axis sand packages as part of thick eastern channel complex • Two sand packages were identified in the channel complex: Horizon 18 and 19 • Presence of good porosity and
Slide 10: Northern Corentyne 3D Seismic Survey
Northern Corentyne 3D Seismic Survey Large Sand Complexes Map view Wei-1 RMS Seismic Attribute Illustrating Sand Corentyne’s Large Channel Complexes Wei Complexes of North Corentyne • Kawa Eastern Complex Discovery: • Multi-stacked pay intervals • Proximity to adjacent block oil discoveries Kawa • P
Slide 11: Northern Corentyne Prospectivity
Northern Corentyne Prospectivity Large Sand Complex Objectives Channel complexes of North Corenytne Wei-1 Central Kawa-1 WESTERN COMPLEX EASTERN COMPLEX • Wei-1 will target light oil in • Kawa-1 reached TD 1Q’22 intervals similar to pay zones in • Pay identified in Maastrichtian, Kawa discovery Camp
Slide 12: Northern Corentyne Exploration
Northern Corentyne Exploration Approaching Spud of Wei-1 OPPORTUNITY HIGHLIGHTS • Multiple Targets (Maastrichtian, Campanian, and Santonian reservoirs) • Seasoned team with decades of deep-water experience • Kawa significantly de-risked Wei-1 (14km inside North Corentyne Block) • Proved hydrocarbons
Slide 13: Northern Corentyne Exploration
Northern Corentyne Exploration Additional Prospectivity Western Complex Central Complex Eastern Complex Central Complex North Corentyne Expansion • Multi-stacked pay intervals identified • Reduced risk by Kawa and upcoming Wei • High-quality seismic to rock type substantiated • Promoted by amplitude
Slide 14: Well Design Advancements
Well Design Advancements Improvements and Advantages Kawa-1 Wellbore Wei-1 Well Design Drilling Advantages Wei-1 vs Kawa-1 36” • Wei-1 shallow sections will maintain similar design & operational procedures as Kawa 22” • Increased base case casing design; adding 16” liner at Wei equivalent to Kawa’s
Slide 15: Basin Upside Potential
Basin Upside Potential Guyana and Suriname Guyana-Suriname Basin significantly de-risked with discoveries adjacent to the CGX offshore Blocks • Kawa discovery significantly derisked the North Corentyne Block • Suriname discoveries since 2020 (Maka Central, Sapakara West, Kwaskwasi, Keskesi, and most
Slide 16: Thank You
Corporate Office 333 Bay Street, Suite 1100 Toronto, ON, Canada M5H 2R2 +1 (416) 364-5569 Guyana Office Houston Office 234 Lance Gibbs and Irving 810 Highway 6 South, Suite 240 Streets, Queenstown, Houston, TX, USA 77079 Georgetown, Guyana +1 (832) 300-3200 +011 (592) 227-0521 Thank You