Proven oil & gas finders in Colombia and Ecuador Paid 230 MM Value created 1.2 B(1) 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…
% of CNE s total production Oil Tariff Gas and tariff oil focus Gas 52% insensitive, as of Sep Gas 3,455 boepd (32%) Tariff 2,156 (20%) 52% 40% Reduce exposure to oil price volatility For , up to % of corporate production is…
8 MM E&D budget for 1 63% development Light oil Oriente 8 MM Llanos Dry gas For 2016: 33 MM Lower Magdalena 43 MM production from 20 81 MMcf/d 49% gas ebitda from 30 135 MM 1 gas well left in mid-Nov 1 Dry gas Oboe-1…
Colombia s gas demand is set to Demand for gas in Canacol s target increase 3x faster than world demand market (Caribbean coast) is set to accelerate 3x faster than country demand MMcf/d 500 +6% 450 400 Thermoelectricity +1% +10%…
primary gas fields supply Colombia s Caribbean Coast Simply backfilling declines nearly Ballena, Chuchupa, and La Creciente supply doubles Canacol s gas business(3) (actual) 476 MMcf/d(1) (estimate) 340 MMcf/d(2) 18 projected demand…
Cartagena 7 gas fired power plants Oct Finish 15 km flow line, tie Clarinete to Jobo From 120 to Nov Upgrade Jobo facilities 50140 MMcf/d 185 MMcf/d Filadelphia 2016 Quadruple gas production 20 81 MMcf/d La Creciente Expand…
60,000 Remarkable gas platform 50,000 40,000 9 gas sales agreements insensitive to world prices Customers (yrs.) 5-15 30,000 Gas sales price estimate (/MMbtu) 5.51 20,000 6.28 10,000 Price escalation (/yr.) 2-3% Avg. 0…
Geography La Creciente Fastest growing gas market in Colombia 3D World Colombia Colombia s Caribbean Coast +1% +3% +6% per yr. VIM 19 Geology 100% Repeatability from Cienaga de Oro reservoir Nelson Palmer Clarinete pipeline VIM…
VIM 5 3D Upper Zone GWC -6,410 ft subsea Oboe-1 appraisal Oboe-1 in mid-Nov 1 Opportunity 209 BCF(2) 3,000 acres 3km Clarinete-2 ST Subcrop edge (1) Reserve report as of Jun , pre-tax NPV-10 127 ft of pay 23%…
VMM 2 Santa 1 3 Isabel 750k net acres 2 VMM 3 Shell Shell N Ecopetrol 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 COR 4 Exxon N 6…
Gas focus until oil rebounds 2016 2020 Prove up 280 MMboe(3) Production Sep 10,727 boepd(1) 16 average: Contracted gas 14,200 boepd Oil TBD in budget 2P reserves Dry gas 362 BCF (64 MMboe)(1) Light oil 16 MMbls(1) 1 e 20e,…
TSX (CNE), BVC (CNEC), OTCQX (CNNEF) In MM BNP Paribas, new long-term credit agreement FD shares outstanding (MM) 160.8(1) 200 MM, 180 MM drawn Market capitalization US 400(2) Replaces existing senior credit agreement Bank debt 255…
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