IHS Herold Inc.

Report Title: Overview of the Trans-Atlantic "Mirror" Play
Published: December 23, 2009
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John S. Herold Inc.

Report Title: Seam Insights - "We think the public market valuation of CGX, even at an all time high and twice the price of the November 2007 private placement, is still reasonable, compared to our analysis of oil-weighted resource acquisitions and exploration acquisitions in Africa and Western Hemisphere.  We think the company is an attractive target to be acquired outright, and should have no trouble finding a joint venture partner to farm in on favourable terms."
Published: January 17, 2008

Please note that any opinions, estimates or forecasts regarding CGX's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of CGX or its management. CGX does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.