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CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd.

Canacol Energy Ltd. · Apr 17, 2013 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 1
  2. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 2
    08 launch Dual-listed TSX (CNE) and BVC (CNEC) 13e guidance 7,500-8,500 boepd from 4 basins(1) 60% oil 71% hedged via collars and LT contracts 2P reserves 33 mmboe, 736 mm(2) Enterprise value 314 mm, 36% discount to 1P…
  3. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 3
    Aug08, development excellence Nov11, exploration arbitrage Dec12, doubled 2P reserves Paid 16 mm Paid 59 mm Paid 100 mm 2P NPV-10 192 mm(1) 12x Carry value 122 mm 2x 80% discount to 1P 2P 16.7 mmboe Drilled 13 wells / 100% success rate…
  4. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 4
    Oct12 VMM 2 / Mono Araa-1 Conventional Lisama: 85 feet of pay; Tested 1,242 bopd (gross) Diversified across 5 fields in 4 basins Unconventional La Luna: potential 230 feet of pay; 3Q13 test Dec12 LLA 23 / Agueda-1 ST 70 feet of pay;…
  5. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 5
    7 gross wells / 16 workovers 80% development 8 gross wells around existing discoveries, including 2 shale oil wells carried by Conoco and Exxon 30% Ecuador 67 mm gross capex 7,500-8,500 boepd(1) 70% Guidance excludes recent…
  6. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 6
    Leono prospect 8 mmbls recoverable(1) Lead E Leono-N1 (225 acres) Leono (260 acres) Leono-S2 LLA 23 N Wells drilled/success 13/100% 31 km2 15-fold production 2,300 35,000 gross bopd Lead D (350 acres) Lead A Lead F (550…
  7. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 7
    Located 6 km NE of RH Covered by 70km2 of 3D seismic Back-to-back development wells Agueda-1 Labrador-2 Labrador-3 (next) Agueda-1 96 C7 Labrador-2 (spud last week) M G U Agueda-1 ST (producing) 200k bopd cumulative…
  8. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 8
    Covered by 31km2 of 3D seismic Drill Leono-1 late summer 13 Lanceros-1 Leono-1 Leono-N1 Lanceros-1 82 C7 Leono prospect B Leono-1 U Leono-Sur Paleozoic prospect Leono-S2 Top Gacheta TVD ss FT IL-78, PSTM…
  9. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 9
    Block acquired Dec12 2P(1) Reserves(mmboe) 16.7 Doubled 2P Current production/capacity(boepd) 3k/5k(2) Canaflecha field Contento Arianna field 15bcf Katana field (3mmboe)(3) Jobo station Micro LNG plant Sucre +17mmcf/d 10bcf…
  10. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 10
    Producing 30 years/134 wells drilled 18,000 Partners Tecpetrol, Schlumberger, Sertecpet 16,000 JV company interest 25% Incremental Terms Incremental oil + exploration 14,000 Insensitive to oil prices 39.53/bbl above base curve 12,000…
  11. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 11
    Enticed by potential long-lived reserves 32 Santa Isabel VMM 2 1 VMM 3 Canacol executed 3 farm-outs to ConocoPhillips, Exxon, and Shell valued at 122 mm 25k bopd by 15e 5 blocks / 253k net acres / 2.9 billion barrels UPIIP(1) WI…
  12. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 12
    VMM 3 1,140/acre Shell Multiple stacked sweet spots of elevated VMM 2 774/acre ExxonMobil total organic carbon (TOC), 2 8% SI 3,004/acre ConocoPhillips Significant overpressure representing hydrocarbon-generative 09 12, +123% CAGR in…
  13. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 13
    VMM 2 MA-1 El Cejudo-1 13e 3 month testing (shallow) and potential commercial production Exxon re-entry (deep shale), 3Q13 Oct02 discovery Drill El Cejudo-1 (deep shale) Mono Araa-1 85 ft of net pay Tested 1,242 gross bopd MONO…
  14. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 14
    1 2 3 TRIGOS MONO 17 mmbls/244 mm (shale only)(1) MORALES-1 ESTE-1 ARAA-1 Exxon to re-enter Mono Araa-1 in 3Q13e La Luna top 9,180ft md 230 ft of gross La Luna interval thickness Avg. porosity 14% 280 bopd flowed into mud…
  15. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 15
    Santa Isabel VMM 2 Net acres 30,463 OP-1 Resources / NPV-10 16 mmbls / 252 mm(1) MA-1 Planned activities Drill Oso Pardo-1, 2Q13 Oso 1 Pardo-1 1 OP-1 2 2 La Paz Lisama Umir Top Lisama depth structure La Luna…
  16. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 16
    Participated in Capella heavy oil discovery (1.8 billion barrels)(1) Portofino Wells drilled Capella PUT 17 Drilled 31 wells at Capella Shot 900km of 2D seismic Secured 1.1mm potential net acres around Capella 33/acre (avg.)…
  17. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 17
    18-yr reserve life/16.7mmboe Triple production in 15 (3k 9k boepd) 19 wells for 122 mm targeting 40 mmbls Cravoviejo analogue (11k bopd) 9 blocks/1.1 mm acres 2,500 bopd net production in 16 18
  18. CIBC 2013 ENERGY CONFERENCE – Canacol Energy Ltd. – slide 18
    TSX (CNE) and BVC (CNE.C) In mm Team with 60-yr combined operating history Shares outstanding 86.5 in focus countries (Colombia and Ecuador) Options/warrants 1.0 87.5 CDN in mm Market capitalization 231.8 Development-focused +…

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