Cgx Energy Inc. · TSXV:OYL
Cgx Energy — Investor Presentation (May 2012)
16 slides from Cgx Energy's investor presentation, May 2012
Slide 1: Positioned for Guyana Atlantic Basin Success
Positioned for Guyana Atlantic Basin Success May 2012 1
Slide 2: Forward Looking Statements and Resource Disclosure
Forward Looking Statements and Resource Disclosure Forward Looking Statements - This presentation contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential exploration results,
Slide 3: Positioned for Guyana Atlantic Basin Success
Positioned for Guyana Atlantic Basin Success n CGX drilling in the Guyana Suriname Basin • Proven hydrocarbon system with highly prospective deep water plays in shallow water • Jaguar 1 well (25%) currently drilling -- with Repsol (15% and operator), Tullow (30%) and YPF (30%) -- Atwood Beacon Jack-
Slide 4: Georgetown and Corentyne Wells and Resources
Georgetown and Corentyne Wells and Resources 4 4
Slide 5: Proven Hydrocarbon System in World-Class Basin in Early-Stage Exploration
Proven Hydrocarbon System in World-Class Basin in Early-Stage Exploration – 6.2 million acres (net) 5 5
Slide 6: Net Acreage Positions in South America's Equatorial Margin
Net Acreage Positions in South America’s Equatorial Margin 6 6
Slide 7: Equatorial Atlantic Margin Play Mirror Image to Major Discoveries
Equatorial Atlantic Margin Play Mirror Image to Major Discoveries Venus – Campanian Anadarko, Repsol, Woodside, Tullow Narina - Turonian Africa Petroleum Sierra CGX Drilling Leone Locations Paradise - Turonian, Liberia Turonian Campanian, Hess Ghana Maastrichtian Prospects Zaedyus - Jubilee, Twenebo
Slide 8: Deep Water Targets in Present Day Shallow Water
Deep Water Targets in Present Day Shallow Water 8 8
Slide 9: Multiple Prospects and Leads Identified on Two Licenses
Multiple Prospects and Leads Identified on Two Licenses n Primary Prospects • Turonian Basin Floor Fan Ø Jubilee/Zaedyus Analogies n Secondary Prospects • Maastrichtian Sand Ø Abary Kick • Campanian Turbidite Ø Venus Analogy • Albian/Aptian Carbonate Ø OGX Analogy Brazil 9 9
Slide 10: CGX License Area Bigger Than Campos Basin
CGX License Area Bigger Than Campos Basin OGX Books > 5 B bbl Resource in Albian/Aptian Carbonates Portion of Guyana Suriname Basin Outline Campos Inpex Producing Albian Basin Test Outline Campos Producing Basin Albian Prospects 10 10
Slide 11: Favourable Economic Terms - Scoping Metrics For 300 mmbbl Case
Favourable Economic Terms - Scoping Metrics For 300 mmbbl Case Petroleum Sharing Contract 75% Cost Oil /25% Profit Oil Netbacks on Full Profit Oil Basis $/bbl Wellhead Price $83.66 Operating Cost $5.37 Capital Cost $2.20 Government of Guyana Take (54%) $40.71 Netback (46%) $35.38 NPV10 $15.82 Probab
Slide 12: Prospect Valuation
Prospect Valuation P50 Resource Estimate – NPV10 NPV10 (4) NPV10 (4) CGX WI Share Target Risked Unrisked Billion bbl $ Billion $ Billion Jaguar Turonian 0.3 (3) 0.9 4.7 3D Seismic Eagle Upper Turonian 1.2 (1) 3.8 19.0 Eagle Lower Turonian 1.3 (1) 4.1 20.5 Kabukalli Albian 0.1 (2) 0.3 1.6 2D Seismic
Slide 13: Executive Summary
Executive Summary n CGX Drilling in Highly Prospective Basin with Proven Hydrocarbon System • Jaguar-1 well (25%) testing the Turonian geologic zone - well being drilled by Repsol , as operator, with partners Tullow and YPF n Multi-Billion Barrel Potential • Georgetown/Jaguar – Tullow P10 resource e
Slide 14: Management Overview
Management Overview Kerry Sully • 40 years E&P experience President, • Past President and CEO, CGX and former CEO and Director of Chief Executive Officer Ranchmens Resources and Director • B.Sc. Chemical Engineering, University of Saskatchewan Michael Stockinger • 35+ years of E&P drilling operation
Slide 15: Additional Directors and Officers
Additional Directors and Officers Dr. Suresh Narine • Senior Professor, Trent University and Guyanese national named Director in 2011 as one of Canada’s Top 40 Under 40 Leaders • Awarded Guyana / Canada Special Achievement Award for biofuel technology work Denis Clement • 27+ years experience in cor
Slide 16: Market Facts
Market Facts Exchange | Ticker: TSX-V | OYL Shares outstanding: 326,223,663 Fully-diluted: 343,898,663 Trading price (May18/12): $0.30 Average 3 month volume: 1,432,340 Market capitalization: $98 million 52 week high | low: $1.55 | $0.29 Atwood Beacon Jack-up Rig Drilling Jaguar-1 well 16 16