CGX is a Canadian oil and gas exploration company that holds four licenses in the Guyana Suriname basin, a frontier basin in South America with a proven hydrocarbon system and highly prospective deep water plays that can be drilled in shallow water. The United States Geological Survey (USGS) has identified the Guyana Suriname basin as having the second highest resource potential among unexplored oil basins in the world and estimates mean recoverable oil reserves over 13.6 billion bbls and gas reserves of 39 trillion cubic ft. The Company is pursuing the Equatorial Atlantic Margin Play, analogous to West Africa and Brazil. CGX’s is surrounded by major oil companies including Anadarko, Apache, Exxon, Inpex, Kosmos, Murphy, Repsol, Shell, Statoil, Total, Tullow and YPF. With more than 10 prospects and leads and independent P50 resource estimates of 3 billion barrels of potential resources, CGX is positioned for Guyana Atlantic Basin success.