CGX Energy has contracted Mr. Kevin Lacy as Drilling Director of the Company. Mr. Lacy will oversee all operations of the Company's exploration drilling and potential appraisal programs on the Corentyne and Demerara petroleum prospective licenses offshore Guyana.

Mr. Lacy has extensive experience (40 years) in oil and gas operations and drilling in many international basins, especially offshore. His career started with Chevron in 1980 where he rose through the management ranks working in the Gulf of Mexico ("GoM"), China, Angola, Europe, North Sea and the US. His last role with Chevron was as the VP of Global Drilling and Completions leading the post Texaco and Unocal merger efforts to integrate and apply drilling best practices. In 2006 he took early retirement from Chevron and joined BP as the Western Hemisphere Drilling Head of Discipline. He subsequently moved into the role of GoM VP of Drilling, Completions, and HSE. His GoM tenure in 2008 and 2009 resulted in significant improvements in drilling and completions metrics as well as safety performance for the 8-10 deepwater rigs and teams under his management.

He left BP in late 2009 and joined Talisman Energy in early 2010 where he was tasked with the oversight of ten international basin exploration wells including deepwater Indonesia and Sierra Leone over a two- year period. Drilling metrics and costs along with safety performance significantly improved in all ten wells. In 2014 Talisman significantly reduced their exploration program and Lacy departed to go into private consulting. Since that time, he has worked as the VP of Technical Staff at PetroSkills and then as CEO of Drillsage (formerly called PRTS) a real time drilling information system start up. He is a recognized industry leader in improving safety and drilling performance and applying technology within a disciplined planning and execution process for complex and remote wells.

KeyFacts Energy: CGX Energy Guyana country profile