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Forw ard Looking Statem ents and Resource Disclosure
Forw ard Looking Statem ents - This presentation contains certain forward-looking statements. All statements,
- ther 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
- bjectives 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
- ffering 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 April 15, 2011 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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