In 2014, CGX shot a 3,100 km² of 3D seismic survey that included gravity/magnetics over the Demerara Block. CGX then completed Time element (Pre Stack Time Migration) and Depth element (Pre Stack Depth Migration) processing of the seismic data. Based on this new data, CGX completed a fully integrated study of the block prospectivity. Prospect level maps were created along with a complete petroleum system evaluation. Four high quality prospects were identified with a detailed analysis. This was augmented with a Quantitative Interpretation (QI)/AVO Study of the prospects. An independent resource estimate report is currently in process.