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CGX Energy Inc | May 2015 Corporate Presentation | Dewi Jones | Page 4 of 11 | November 21, 2024

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www.cgxenergy.com 4 GUYANA-SURINAME BASIN – CURRENT & NEAR TERM ACTIVITY • Over the next five years, more than 3x the number of exploration wells will be drilled than in the last five years across the South American Equatorial Margin • Presence of major industry players in the Basin: • Exxon, Anadarko, Hess, Repsol, Chevron, Petronas, Tullow, Kosmos, Apache, Murphy, INPEX, CEPSA, and RWE • 3offshore wells to be drilled in 2015 outside of CGX Guyana - Exxon/Hess/NexenCNOOC – 1 well (Liza-1) - Status: Discovery –currently evaluating commerciality Suriname - INPEX/Tullow –1 well (Spari-1) - Status: Drilling - Apache/CEPSA –1 well (Popokai-1) - Status: TD’d – Pending results • 6offshore wells to be drilled in 2016 outside of CGX Guyana - Exxon/Hess/NexenCNOOC – 1 well Suriname - Kosmos/Chevron –2 wells - Apache/CEPSA –1 well - Petronas/RWE –1 well - Tullow –1 well Open Open Open Tullow Tullow Kosmos/ Chevron Petronas Apache/CEPSA /Petronas 2014 Bid Round Block INPEX/Tullow Petronas/RWE Open Open Exxon/Hess/ NexenCNOOC CGX Energy (100% WI) Demerara Corentyne Berbice CGX Energy (100% WI) CGX Energy (62% WI) Staatsolie Staatsolie Staatsolie Staatsolie Staatsolie Staatsolie Staatsolie Open Open Anadarko Stabroek Roraima 2015 wells 2016 wells Repsol/ Tullow 2014 Bid Round Block Kosmos/ Chevron Open Kanuku 2014 Bid Round Block Canje Liza-1 Discovery Ratio Oil