Colombia is core 4 acquisitions 230 MM Value 1 B 60+ years combined operating experience Aug 08 Nov 11 Dec 12 Dec 14 Defining success 63% exploration (15/24 wells) OIL GAS 50 MMboe in discoveries booked as 2P reserves 94%…
Dec 15 goals Lower Magdalena Quadruple production from 20 to 83 MMcf/d EBITDA from 30 to 150 MM (annualized) Appraise Clarinete discovery Book reserves Sign new sales contracts Llanos Firm up light oil exploration leads Oriente…
Ballena 3 Guajira fields Chuchupa +501 MMcf/d Riohacha Caribbean Sea Caribbean gas demand 575 MMcf/d in 18e 1418e CAGR +15% Barranquilla 7 gas fired power plants Primary gas supply in blow-down mode 3 Guajira fields declined 20%…
Demand for Colombias gas is set to Demand for gas in Canacols target increase 9x faster than world demand market (Caribbean coast) is set to accelerate 1.7x faster than country demand MMcf/d +15% 1,200 Thermoelectric +0% 1,000…
La Creciente Geography: Fastest growth market in Colombia VIM 19 Geology: Repeatability from Cienaga de Oro reservoir 100% 11 Nelson 14 Palmer 2P reserves 345 BCF(1) 14 Clarinete 15 prospects and leads, 2 TCF(2) VIM 5 100% Gas:…
VIM 5 Upper Zone GWC -6,410 ft subsea Opportunity ahead 90 MM capex 3k acres 100MMcf/d for 10 yrs. Subcrop edge (1) Reserve report as of Feb 15, pre-tax NPV-10 (2) Resource report as of Feb 15, pre-tax NPV-10…
Barranquilla Caribbean Sea 7 gas fired power plants Cartagena PROMIGAS Design, construct and execute 190 km pipeline (16) CANACOL Complete Jobo facilities to support production 50100 MMcf/d Sincelejo Finish 12 km flow…
Las Maracas 12 MMbls L The 26 MMbls friendly oil trend P 08 present T Blocks Rancho Hermoso (RH) (100%) Cravo S LLA 23 (90%) 9 MMbls 3D LLA 23 Net acres / oil fields 112k / 6 Cravo E 8 MMbls Success 89% (32/36 wells) 600 MM in…
VMM 2 Santa 1 3 Isabel 545k net acres 2 VMM 3 Shell Shell N 2nd largest shale land position in Colombia Ecopetrol CNOOC New D&M Report reveals large upside present for Canacol(1) Exxon S Covers only 3 of 7 prospective…
TSX (CNE), BVC (CNEC), OTCQX (CNNEF) Investment summary In mm 2P reserves 345 BCF (61 MMboe) / 852 MM(3) Shares outstanding 107.8 (1) 23 MMbls / 556 MM(4) USD in mm 15 focus Market capitalization 219.1 Net debt 176.5 (2) COLOMBIA…