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2. 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, hydrocarbons, resources and reserves, drilling plans, and the future plans and
objectives of CGX Energy Inc. ( “ CGX ” ) are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. With respect to forward-looking
statements contained in this presentation, CGX has made assumptions regarding, among other things:
commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures;
future exchange rates; the price of petroleum; the impact of increasing competition; conditions in general
economic and financial markets; access to capital; availability of drilling and related equipment; effects of
regulation by governmental agencies; royalty rates and future operating costs. Important factors that could
cause actual results to differ materially from CGX's expectations are disclosed elsewhere in documents that are
available to the public at www.sedar.com, including under “Risk Factors” in CGX’s prospectus with respect to the
offering described herein.
Resource Disclosure - The independent resource estimates with respect to CGX's Corentyne PPL have been
prepared by Gustavson Associates LLC and DeGolyer and MacNaughton in accordance with National Instrument
51-101 (“NI 51-101”) in reports dated effective May 17, 2012 and June 15, 2011, respectively. Prospective
resources are those quantities of oil and gas estimated to be potentially recoverable from undiscovered
accumulations. If discovered, there is no certainty that it will be commercially viable to produce any portion of
the prospective resources. However, there is no certainty that the prospective resources will be discovered. For
further information about the prospective resource estimates contained herein see CGX's annual information
form dated May 31, 2011 which is available to the public at www.sedar.com. Certain information contained
herein is considered "analogous information" as defined NI 51-101 such as the estimate of original oil in place
with respect to the Tambaredjo and Calcutta fields onshore in Suriname. Such analogous information has not
been prepared in accordance with NI 51-101 and the Canadian Oil and Gas Evaluation Handbook and CGX is
unable to confirm whether such estimates have been prepared by a qualified reserves evaluator. The information
has been provided to show that the Guyana Suriname basin in which CGX has an interest has a proven
hydrocarbon system.
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3. Pacific Rubiales Additional Investment of
$30 Million Approved by CGX Shareholders
n Pacific Rubiales Energy Corp. (PRE) only five years old
• Very strong technically
• Ability to move quickly
n PRE - exploration and production focused in Columbia
• Largest Independent E&P company in Colombia
• Second largest producer to EcoPetrol
• Expanding into Peru, Guatemala, Papua New Guinea
n Reserves grew 50% in 2011 to 407 mmbbls (Proved plus Probable)
n Production growing >20% per year from ~86,000 boe per day
n 2012 Capital Budget of $1.2 billion
n Q1 2012 Cash flow >$500 million
n Q1 exploration and appraisal well success rate of 84% on 16 wells
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4. Welcome to Newly Appointed Directors
n José Francisco Arata
Mr. José Arata is the President and Executive Director of Pacific Rubiales.
He has over 29 years of experience in mineral and oil exploration in Latin
America. He has been working in the Colombian oil industry since 1996.
He was CEO and co-founder of Pacific Rubiales Energy Corp. and a co-
founder of other publicly traded companies.
Marino Ostos
Dr. Marino Ostos Rosales is Senior Vice President, New Areas for Pacific
Rubiales. He has a Bachelor in Geosciences and Geological Engineering
Degree plus a Masters and Ph.D. in Geological Sciences. Dr. Ostos has
over 30 years of experience in hydrocarbons exploration and production
in Sub-Andean Basins as well as senior management in public E&P oil
and gas companies, including former President and COO of Pacific Stratus
Energy.
Dennis Pieters
Dr. Dennis Pieters is the Director of Reservoir Engineering for Huber
Energy LP. Over a 30-year career, he has worked in senior reservoir
engineering positions for a number of major oil E&P companies including
Conoco Phillips, Halliburton, Shell Oil, Saudi Aramco and Amoco. In
2003, Dr. Pieters was appointed Subject Matter Expert to the US Army
Corps of Engineers to develop the $18.4 billion estimate for rebuilding
Iraqi oil infrastructure. He holds a B.Sc. in Geological Engineering, a
M.Sc. and a Ph.D. in Petroleum Engineering.
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9. CGX Believes in Guyana Oil Potential
and its People
n CGX was formed in 1998 to explore for oil in Guyana
• Work closely with Government of Guyana Ministries and Agencies
• Paid Guyana’s legal expenses of $10 million to resolve maritime border with
Suriname
• US$200 million spent in last 14 years; US$135 million in last 18 months
n CGX has been the most active explorer in Guyana since 1998
• US$200 million is more than half of expenditure by all parties
• Net participation in 2.25 of 3 offshore wells
• Operated two 3D seismic programs; participated in the third
n Only E&P Company with Guyanese Directors and Senior Management
n During drilling of Eagle-1
• Employed 80 Guyanese directly and 30 indirectly
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10. CGX is Confident and Optimistic
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-Well Potential
• Georgetown/Jaguar – Tullow P10 resource estimate
Ø 1.2 billion boe in Upper Turonian
• Corentyne/Eagle Deep – Independent P50 Resource Assessment
Ø 2.5 billion barrels in Turonian
• Corentyne/Albian – Independent P50 Resources Assessment
Ø 0.3 billion barrels
• CGX has more than 10 prospects and leads
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11. Management Overview
Kerry Sully • 40 years E&P experience
President, • Past President and CEO, CGX and former CEO and Director of
Chief Executive Officer Ranchmen’s Resources
and Director • B.Sc. Chemical Engineering, University of Saskatchewan
Michael Stockinger • 35+ years of E&P drilling operations experience with Murphy Oil,
Chief Operating Officer Anadarko Petroleum, Kerr-McGee, Conoco - most recently, Project
Manager for Murphy Oil and Remora International
• B. A. Civil Engineering, Stevens Institute of Technology, NJ
Tralisa Maraj • 15 years experience in international oil industry and public
Chief Financial Officer company accounting
• Certified Public Accountant (CPA) licensed in Texas
and UK Chartered Certified Accountant (FCCA)
Dewi Jones • 25+ years of E&P technical and management experience in Latin
Executive Vice America - most recently, Exploration Manager, Caribbean, Repsol
President, Exploration YPF
and General Manager • B.Sc. Geology, Louisiana State University, LA
John Clarke • 35 years experience - E&P with Texaco and Candax; O&G Analyst
Vice President, with Deutsche Bank and Octagon
Business Development • B.Sc. Physics, Birmingham University, M.Sc. Imperial College, and
B.A. English, University of Calgary
Enrique Cuervo • 25+ years of E&P technical experience with Hess Co., Remora
Exploration Manager International, El Paso Co., and Occidental Petroleum with extensive
experience in South America
• B.Sc. Geology, National University of Colombia
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12. Additional Directors and Officers
Dr. Suresh Narine • Senior Professor, Trent University and Guyanese national named
Chairman in 2011 as one of Canada’s Top 40 Under 40 Leaders
• Awarded Guyana / Canada Special Achievement Award
for biofuel technology work
José Arata • President and Executive Director, Pacific Rubiales
Director • 29 years experience in mineral and oil exploration in Latin America
Denis Clement • 27+ years experience in corporate finance, law and management
Director
John Cullen • 27+ years experience in public markets including 15 years as an
Co-Founder and Director investment advisor, 10 with Burns Fry
Dr. Edris K. Dookie • Director and Executive Vice President, CGX Resources and President,
Co-Founder ON Energy
Adrian Jackson • Equity Analyst with Investec Asset Management based in London,
Director UK
Charlotte May • 15+ years experience in public company administration
Corporate Secretary and • 20+ years experience in the institutional brokerage industry focused
Communications Manager on junior oil and gas companies
Dr. Marino Ostos • 30+ years E&P experience
Director • Senior Vice President, New Areas, Pacific Rubiales
• Bachelor in Geosciences and Geological Engineering and a Masters
and Ph.D. in Geological Sciences
Dr. Dennis Pieters • 30+ years experience in reservoir engineering
Director • Director of Reservoir Engineering, Huber Energy LP
• B.Sc. In Geological Engineering and a M.Sc. and Ph.D.
in Petroleum Engineering
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