Proven oil & gas finders in Colombia and Ecuador Paid 230 MM Value created 1 B Discovered 50 MMboe in 2P reserves Exploration 16-for-25 wells (64%) OIL GAS Development 53-for-55 wells (96%) Large natural gas reserve base until…
% 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 Jun '14 Sep '14 Dec '14 Mar '15 %…
MM E&D budget for 63% development MM spent YTD May / 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 30 140…
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 primary gas fields in blow down supplying Colombia s Caribbean Coast Caribbean Sea Ballena, Chuchupa, and La Creciente 509 MMcf/d(1) projected demand 575 MMcf/d(2) Barranquilla Over the trailing 2 years, gas…
Cartagena 7 gas fired power plants Oct Finish 15 km flow line, tie Clarinete to Jobo From 120 to Dec Upgrade Jobo facilities 50100 MMcf/d 185 MMcf/d Filadelphia Dec Quadruple production 20 83 MMcf/d La Creciente Expand…
60.000 50.000 Remarkable gas platform 40.000 Each gas contract is insensitive to world prices 30.000 Customers (yrs.) 5-15 Gas sales price range (MMbtu) 5-8 20.000 Price escalation (/yr.) 2-3% 10.000 Avg. 0 boepd 75%…
Geography La Creciente Fastest growing gas market in Colombia 3D World Colombia Colombia s Caribbean Coast +1% +9% +15% per yr. VIM 19 Geology 100% Repeatability from Cienaga de Oro reservoir Nelson Palmer Clarinete pipeline…
VIM 5 3D 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 ,…
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 D&M Report reveals large upside present for Canacol(1) Covers only 3 of 7 prospective shale oil blocks Exxon S COR 39 4 5…
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 2P reserves (60% WTI insensitive) 2P reserves Dry gas 345 BCF (61 MMboe)(1) Light oil 23 MMbls(2) e 20e, exploit a diverse portfolio e Prove…
TSX (CNE), BVC (CNEC), OTCQX (CNNEF) BNP Paribas, new long-term credit agreement In MM 200 MM, fully drawn Shares outstanding 126.4 USD in MM Replaces existing senior credit agreement Market capitalization 241.7(1) Matures…
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