Exploit large natural gas reserve base until oil rebounds 2P reserves(1) Gas 362 BCF (64 MMboe) 958 MM(2) Oil 16 MMbls 269 MM(2) Gas and tariff oil focus 52% insensitive, as of Sep Gas 3,455 boepd (32%) Tariff oil 2,156…
Clarinete Discovery, Dec 14 gas production from 3990 MMcf/d by March 16 No added investment to achieve and maintain volumes for 5 years Average sales price 31/boe EBITDA(1) 135 MM/year 11 MM/month CNE current market cap US 282…
Strongest netbacks with longest reserve life Only 3 fields supply Colombia s Caribbean Coast 16 Canacol gas(1) 26/boe netback estimate Supply to the Coast has declined by 70 MMcf/d Greater than 10-yr reserve life (12,200 boepd) over the…
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%…
Cartagena Oct Finished 15 km flow line, tie Clarinete to Jobo Nov Finished Jobo facilities 50140 MMcf/d capacity From 120 to 185 MMcf/d Filadelphia Quadruple gas production 20 81 MMcf/d avg. for Jan +19 MMcf/d 39 MMcf/d Feb +41…
Remarkable gas platform realized contract price 5.51/MMbtu (31.41/boe) 80% operating margin per MMcf/d netback estimate 4.54/Mmbtu (26/boe) 4x gas production gas production boepd) 14,200 Gas EBITDA (MM) 135 MM '15e '16e '17e…
VIM 5 3D Upper Zone GWC -6,410 ft subsea Oboe-1 appraisal Oboe-1 spud in mid-Jan 16 3,000 acres 3km Clarinete-2 ST Subcrop edge 127 ft of pay 23% porosity Clarinete-1 (1) Reserve report as of Jun , pre-tax NPV-10…
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…