Proven oil & gas finders in Colombia and Ecuador Paid 230 MM Value created 1 B Exploration 15-for-24 wells (63%) Discovered 50 MMboe in 2P reserves OIL GAS Development 50-for-53 wells (94%) Gas focus until oil rebounds +54%…
% of CNE s total production Oil Tariff Gas Gas and tariff oil focus % insensitive, as of Mar Gas 3,500 boepd (32%) Tariff 1,700 (16%) 32% 24% 48% Reduce exposure to oil price volatility % insensitive for CY estimate Jun '14…
MM E&D budget for 63% development 32 MM spent YTD / 52 MM remaining Light oil Oriente 8 MM Llanos Dry gas 4x production starting in Dec 33 MM Lower Magdalena 43 MM production from 20 83 MMcf/d 49% gas ebitda from 30 150…
500 Projected 10x in gas revs & ebitda 400 Each gas contract is locked-in, take-or-pay contracts: Customers (yrs.) 5-15 300 Volumes (MMcf/d) 118 Gas sales price range (MMbtu) 5-8 200 Price escalation (/yr.) 2-3% 100 MM - e…
Colombia s gas demand is set to Demand for gas in Canacol s 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…
Ballena Chuchupa 3 Guajira fields -20% y/y Riohacha Caribbean Sea Caribbean coast Barranquilla Demand 575 MMcf/d in e 7 gas fired 14 e CAGR + % power plants Supply 501 MMcf/d in Lower Mag 3 Guajira fields declined 20% y/y…
La Creciente Geography: Fastest growing gas market in Colombia World Colombia Caribbean Coast (Canacol s market) +1% +9% +15% per yr. VIM 19 100% Geology: Repeatability from Cienaga de Oro reservoir 345 BCF(1) + 2 TCF upside(2)…
VIM 5 Upper Zone GWC -6,410 ft subsea Oboe-1 appraisal well program in Oboe-1 + Clarinete-2 3,000 acres Opportunity ahead 80 MMcf/d for 10 yrs. Clarinete-2 Subcrop edge appraisal (1) Reserve report as of Feb , pre-tax…
Cartagena 7 gas fired power plants Oct Finish 15 km flow line, tie Clarinete to Jobo Nov Upgrade Jobo facilities 50130 MMcf/d From 120 to 185 MMcf/d Dec Quadruple production 20 83 MMcf/d Filadelphia Expand ebitda 30 150 MM(1)…
Las Maracas 12 MMbls L 26 MMbls oil trend(1) P 08 present Blocks RH (100%) and LLA 23 (90%) Cravo S Tigro Net acres / oil fields 112k / 6 9 MMbls Success 89% (32/36 wells) LLA 23 Cravo E 8 MMbls Remaining 2P reserves 10 MMbls(2)…
VMM 2 Santa 1 3 Isabel 714k net acres 2 VMM 3 Shell Shell N Ecopetrol Drilling VIM 37 CNOOC New D&M Report reveals large upside present for Canacol(1) Covers only 3 of 7 prospective shale oil blocks Exxon S COR 39 4…
La Luna Depth Structure Source Rock Maturity Picoplata-1 (20% WI) Mono Araa-1 Picoplata-1 Las Lajas-1 TD (Jan 15) 16,406 ft. Tested 590 bopd Tested 250 bopd Porosity 11% Porosity 10% Drilled 1,369 ft. La Luna shale Mono Araa-1…
Gas focus until oil rebounds e 10-12,000 boepd CY guidance(1) 10-12,000 boepd 100% from base 2P reserves (60% WTI insensitive) Base 2P reserves Dry gas 345 BCF (61 MMboe)(1) Light oil 23 MMbls(2) e 20e, exploit a diverse…
TSX (CNE), BVC (CNEC), OTCQX (CNNEF) BNP Paribas, new long-term credit agreement In MM 200 MM, fully drawn Shares outstanding 116.6 Jun convert share issue 8.0 Replaces existing senior credit agreement 124.6 USD in MM…
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