1 August 2009 CYGAM ENERGY Inc. CYGAM ENERGY INC. General Information Onshore southern Tunisia, adjacent to the Libyan border 164,252 net acres (664.7.

1 August 2009

CYGAM ENERGY Inc.CYGAM ENERGY Inc.

CYGAM ENERGY INC.

General Information

Onshore southern Tunisia, adjacent to the

Libyan border

164,252 net acres (664.7 km2)

14% Working Interest

Operated by Storm Ventures International

Inc.

Net potential reserves in place: 24-31 MM

STB

(TT structure alone)

. DeGolier and MacNaughton currently preparing a reserve report in accordance with NI 51-101

Sud Remada permit

• A 200 km 2-D seismic program defined two large Ordovician structures with the indicated areal extent of 67 km2 and 74 km2 respectively

• Completion and testing operations of TT2 discovery well confirmed presence of 44º API oil and natural gas. The well commenced production on March 22, 2009 at flow rates of 230-250 BOPD

• Silurian Tannezuft potential to be fully tested in future appraisal horizontal wells

• Several Silurian Acacus seismic structures, similar to the Adam and Hammouda fields in Tunisia and other fields in Libya, are present on the permit

2 August 2009


CYGAM ENERGY INC.

Sud Remada permit

C.I = 10 m0 5 km

TT-1

TT-2

OWC -1269m

GOC -1230m

TT structure

Structural closure: 110 km2

Gross reservoir: 98 m

Area of oil pay: 67 km2

Oil pay: 50.5 m

Area of gas pay: 35 km2

Gas pay: 7 m

Independent Reserve

Assessment: 170-220 MM STB

in place

2009-2010 development plan includes:

• One year (or up to 90,000 bbls) early production testing

• Acquisition of 3D seismic on TT structure in late 2009 – early 2010

• Drilling of two appraisal wells in Q3 – Q4, 2010

• Appraisal wells expected to be on full production by late 2010

3 August 2009


CYGAM ENERGY INC.

General Information

Permit officially granted on July 28, 2006

Onshore, adjacent to the Jorf Permit

315,457 net acres (1,276.6 km2)

79% Current Working Interest

(inclusive of 12.7% free carried interest)

Net potential resources of 50 MM BOE

Drilling operations for Triassic prospect expected to commence in 2010

Bazma permit

• Triassic Tagi gas and condensate potential, similar to the adjacent Tarfa field

• Several deeper Silurian and Ordovician targets outlined on the permit

• Newly acquired seismic data identified several potential structures and confirmed the selected drilling location on the Frida structure, approximately 4.5 km NE of the Tarfa field

• Gas, oil and condensate pipelines from adjacent Tarfa and Baguel fields are crossing the permit area

4 August 2009


CYGAM ENERGY INC.

00 55 10 Km10 Km

JORF PERMITJORF PERMIT

BZ 1BZ 1

BZ 2BZ 2

TYTY

FF

FRFR

DZDZ

AA

BB CCDD

EE

LEGENDLEGEND

FRFR

AAPALAEOZOIC LEAD/PROSPECTPALAEOZOIC LEAD/PROSPECT

(Petrel-Robertson/RIGO)(Petrel-Robertson/RIGO)

TRIASSIC PROSPECTTRIASSIC PROSPECT

BAGUEL-BAGUEL-TARFATARFAProduction Production ConcessionConcession

LMG 2LMG 2

TAGI TAGI TARGETTARGET

TARFA 1TARFA 1

HBR 1HBR 1

ZKH 1ZKH 1

MA 1MA 1

BAZMA BAZMA 11

ZMT 1ZMT 1

VV

KGF 1KGF 1

PALAEOZOIPALAEOZOIC TARGETSC TARGETS

DOUZ 1DOUZ 1

OIL PIPELINEOIL PIPELINE

GAS CONDENSATE PIPELINEGAS CONDENSATE PIPELINE

TARFA 2TARFA 2

5 km

BS 1BS 1

BAGUEL 1BAGUEL 1

7 km

Bazma permit

Target distribution &prospect/leads map

5 August 2009


CYGAM ENERGY INC.

General Information

Onshore Tunisia, within 35 km of the

Gulf of Gabes

92,020 net acres (372.4 km2)

19 % Current Working Interest

Net potential resources of 18 MM STB

Received 2°exploration renewal period

of 2.5 year (expiry date: Aug 5, 2011)

Jorf permit

• Permian reef potential, similar to West Texas Permian basin and discoveries in Kazakhstan north Caspian fields (Tengiz / Kashagan)

• Two Permian pinnacle reefs (prospect “Y” and prospect “Z”) outlined through interpretation of approximately 2,000 km of older seismic data in the northern sector of the block and confirmed by 200 km of new seismic campaign (2008)

• The Bhayra Rigo-1 well, drilled in August 2007, confirmed the presence of a highly porous and dolomitized Permian reef reservoir

• Major 24 inch pipeline within 6 km to 35 km from two reef structures

• Two oil treatment centers close to potential drilling locations

6 August 2009


CYGAM ENERGY INC.

Jorf permit – PROSPECT ‘Y’

TARGET: Oil

FORMATION: Kubergandian Reef

AGE: Middle Permian

----------------------------------------

POTENTIAL

AREA: 15 km2

PAY: 50 m

POROSITY: 16 %

S.W.: 25 %

R.F.: 30 %

RECOVERABLE RESERVES (MEAN)

OIL: 75 MMBO

GAS: N.E.

PROSPECT “Y”PROSPECT “Y” - SEISMIC LINES 2083/THC9 & BAZMA WELL CALIBRATION- SEISMIC LINES 2083/THC9 & BAZMA WELL CALIBRATION

BAZMA 1 WELLBAZMA 1 WELL

KUBERGANDIKUBERGANDIANAN

HERC. UNC.HERC. UNC.

MURGHABIMURGHABIANAN

2000

1000

msec

LINE 2083LINE 2083 LINE THC 9LINE THC 9

KUBERGANDIANKUBERGANDIAN

MURGHABIANMURGHABIAN

HERCYNIAN UNC.HERCYNIAN UNC.

KUBERGANDIANKUBERGANDIAN(Reef)(Reef)

MURGHABIANMURGHABIANPROSPECT “Y”PROSPECT “Y”

NWNW SESE NWNW SESE

WELL LOCATIONWELL LOCATION

00 3 Km3 Km

THC-19

THC-19

84

-KR

-40

5

3

0

3

0

0

0

4

0

0

BZM 1

BR 1BS 1

MA 1

TB 1

DSS1

DZ 1

KGF 1

KJD 1

KLF 1

KGH 1

TFA 1

ZKH 1

ZMT 1

550000

3700000

RIGO OIL Company Limited ( Tunisian Branch )

Jorf

Jorf Permit

Group: Customized Coordinate SystemSystem: Customized Zone 32N (6 E to 12 E) 2

Datum: Carthage - TunisiaEllipsoid: Clarke 1880

X(Min,Max): 525542.10 566954.33Y(Min,Max): 3698730.29 3724236.28

Latitude(Min,Max): 33.430137 33.658395Longitude(Min,Max): 9.274755 9.722113

Permian carb(Kubergandian) Depth MapCI= 100 m

0 5000 m1000 2000 3000 4000

Scale = 1:100000

Administrator@D9TV0N2J09/08/08 13:49:07

550000X/Y:Meters

3700000

N

KGF 1KGF 1

BZM 1BZM 1

MA 1MA 1

00 5 Km5 Km00 5 Km5 Km00 5 Km5 Km

PROSPECT “Y”PROSPECT “Y”

PERMIAN (KUBERGANDIAN) PERMIAN (KUBERGANDIAN)

DEPTH MAP (C.I.: 100 m)DEPTH MAP (C.I.: 100 m)

LINE THC9

LINE 2083

WELL WELL LOCATIONLOCATION


DEPTH MAP (C.I.: 100 m)DEPTH MAP (C.I.: 100 m)

7 August 2009


CYGAM ENERGY INC.

Jorf permit – PROSPECT ‘Z’

TARGET: Oil

FORMATION: Kubergandian Reef

AGE: Middle Permian

-----------------------------------------

POTENTIAL

AREA: 05 km2

PAY: 50 m

POROSITY: 16 %

S.W.: 25 %

R.F.: 30 %


OIL: 14 MMBO

GAS: N.E.

PROSPECT “Z”PROSPECT “Z” - SEISMIC LINE 2089- SEISMIC LINE 208910011001 12001200 14001400 16001600 18001800 20002000 22002200 24002400 28002800

100100

500500

10001000

15001500

20002000

25002500

KUBERGANDIANKUBERGANDIAN

MURGHABIANMURGHABIAN


PROSPECT “Z”PROSPECT “Z”

SWSW NENEWELL LOCATIONWELL LOCATION

THC-19

THC-19

84

-KR

-40

5

3

0

0

4

0

BZM 1

BR 1BS 1

MA 1

TB 1

DSS1

DZ 1

KGF 1

KJD 1

KLF 1

KGH 1

TFA 1

ZKH 1

ZMT 1

550000

3700000

RIGO OIL Company Limited ( Tunisian Branch )

Jorf

Jorf Permit

Group: Customized Coordinate SystemSystem: Customized Zone 32N (6 E to 12 E) 2

Datum: Carthage - TunisiaEllipsoid: Clarke 1880

X(Min,Max): 525542.10 566954.33Y(Min,Max): 3698730.29 3724236.28

Latitude(Min,Max): 33.430137 33.658395Longitude(Min,Max): 9.274755 9.722113

Permian carb(Kubergandian) Depth MapCI= 100 m

0 5000 m1000 2000 3000 4000

Scale = 1:100000

Administrator@D9TV0N2J

09/08/08 13:49:07

550000X/Y:Meters

3700000

N

KGF 1KGF 1

BZM 1BZM 1

MA 1MA 1

PROSPECT “Z”PROSPECT “Z”

LINE 2

089


DEPTH MAP (C.I.:100 m)DEPTH MAP (C.I.:100 m)



DEPTH MAP DEPTH MAP

ZOOM (C.I.:100 m)ZOOM (C.I.:100 m)

8 August 2009


CYGAM ENERGY INC.Prospect U CDP 2210 Top Azizia = 2195 SL

(Top Herc. Unconf. = 2340 m)Surface Closure = 3.100 km2- Vertical Closure = 105 m

Coordinates are below the Diapo

JORF PERMITJORF PERMIT

BAZMA PERMITBAZMA PERMIT

00 1 Km1 Km


Jorf permit – PROSPECT ‘V’

TARGET: Gas & Cond.

FORMATION: TAGI ss.

AGE: Middle Triassic

----------------------------------------

POTENTIAL

AREA: 2.2 km2

PAY: 25 m

POROSITY: 25 %

S.W.: 35 %

R.F.: 30 %

------------------------------------------


OIL: 5 MMBO

GAS: N.E.

KGF 1KGF 1

TAGI EDGETAGI EDGE

PROSPECT “V”PROSPECT “V”

LIN

E 2

081

NEAR TOP AZIZIA NEAR TOP AZIZIA

DEPTH MAPDEPTH MAP

ZOOM (C.I.: 20 m)ZOOM (C.I.: 20 m)

12001200 12001200 14001400 16001600 22002200 24782478

300300

500500

10001000

15001500


AUSTRIAN UNC.AUSTRIAN UNC.

AZIZIA/TAGIAZIZIA/TAGI

WELL KGF 1WELL KGF 1

PROSPECT “V”PROSPECT “V”

NNENNESSWSSWWELL LOCATIONWELL LOCATION

20002000

PROSPECT “V”PROSPECT “V” - SEISMIC LINE 2081- SEISMIC LINE 2081

TOP AZIZIA DEPTH MAP (C.I.: 20 m)TOP AZIZIA DEPTH MAP (C.I.: 20 m)

9 August 2009


CYGAM ENERGY INC.

Sud Tozeur permit

• Potential new well close to the Nefta-1 well expected to commence drilling in late 2010- early 2011 to test Triassic, Ordovician and Cambrian reservoirs which had oil and gas indications in the Nefta-1 well

• Alternative locations on the permit will also be evaluated as several additional structures have been identified close to the Algerian border and West of the Sabria and North of the El Franig fields (1,032 MMBLS of OIP and 135 BCF plus 22 MMBLS of condensate in place, respectively)

General Information

Onshore Tunisia, adjacent to the

Algerian border

963,245 net acres (3,898 km2)

89% Current Working Interest

(inclusive of 7.7% free carried

interest)

Net potential resources of 133 MM

BOE

Hydrocarbon potential in Triassic,

Ordovician and Cambrian sandstone

reservoirs

10 August 2009


CYGAM ENERGY INC.

ST96 NEF N

07

ST96 NEF N

07

Nefta 1Nefta 1

ST

MIG 1

06

ST M

IG 1

06

3708800

3713800

394100 399100 404100 409100

Sud Tozeur permit – PROSPECT ‘NEFTA SE’

TARGET: Gas & Cond./Oil

FORMATION: TAGI/Ord-Cam.

AGE: Trias/Ord-Cam.

----------------------------------------

POTENTIAL

AREA: 15 km2

PAY: 50 m

POROSITY: 16 %

S.W.: 25 %

R.F.: 25 %

----------------------------------------


OIL: 25 MMBO

GAS: N.E.

NEFTA SE PROSPECT

HERCYNIAN TWT MAP

(C.I.: 5 msec)

31

Nefta 1 well Nefta 1 well

Hercynian Unc.Hercynian Unc.

TAGS Fm.TAGS Fm.

NW SE

Hercynian Unc.Hercynian Unc.

TAGS Fm.TAGS Fm.

NE SW

2500

2000

2100

2200

2300

2400

Nefta SE well Nefta SE well

320 80300 280 260 240 200 100120140160180SP

2500

2000

2100

2200

2300

2400

1900

Nefta 1 well Nefta 1 well Nefta SE well Nefta SE well

SP 28026024022020018016014010080

NEFTA SE PROSPECT - SEISMIC LINE ST MIG 106NEFTA SE PROSPECT - SEISMIC LINE ST MIG 106NEFTA SE PROSPECT - SEISMIC LINE 96 NEF-N07NEFTA SE PROSPECT - SEISMIC LINE 96 NEF-N07

1 August 2009 CYGAM ENERGY Inc. CYGAM ENERGY INC. General Information Onshore southern Tunisia, adjacent to the Libyan border 164,252 net acres (664.7.

Documents

cygam energy

permit slide

permit area slide

general information

jorf permit bz

condensate potential

potential structures

net potential resources