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CGX Energy Inc
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December 2023 Joint technical Presentation
| Dr. Mark Zoback; Regan Palsgrove | Page 4 of 11 |
May 10, 2024
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"December 2023 Joint technical Presentation"
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ABOUT THE JOINT VENTURE CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) (“Frontera”), are joint venture partners (the “Joint Venture” or “JV”) in the Petroleum Prospecting Licenses for the Corentyne block in offshore Guyana. • CGX is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. • CGX is proud of its long partnership with the Government and People of Guyana and of its reputation as Guyana’s indigenous oil company. ABOUT • Frontera is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. • Frontera has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador and Guyana, and a pipeline and port facilities in Colombia. • Frontera conducts its business safely and in a socially, environmentally and ethically responsible manner. ABOUT CONTRACT TYPE Petroleum Prospecting License Gross acreage (1) 245,735 in Corentyne W.I. IN CORENTYNE BLOCKS CGX 28%, Frontera 72% FEC equity ownership in CGX Energy 76.05%