Focused E&P Portfolio Supply-scarce Caribbean Dual-listed TSX and BVC natural gas market Enterprise value US 723 MM Exploration success 8) 65% Insider ownership 25% Natural Gas e guidance 16 17,000 boepd 58 MM capex 135 MM…
Focused E&P Portfolio Large gas reserves underpin production and cash flow for a decade +52% CAGR in 2P reserves(1) Dry natural gas [stable cash flow] 2P reserves in MMboe and 2 acquisitions oil gas 79 present 3 large discoveries…
Strong Sales Growth +45% projected CAGR in corporate sales guidance and sales mix Expressed in boepd 40,000+ Natural gas 80% 88% insensitive Tariff oil 20,000 to oil volatility 8% 16,500 Light oil 10,933 12% 1Q '16…
The Road Ahead Pursuit of dry natural gas that features stable pricing Benchmark gas prices declined 64% vs. Canacol 18% gain Fixed-price gas contracts erase oil volatility Quarterly average MMbtu Realized gas price and gas netback per…
Canacol-Gas Ranks 1 Mid-cycle break even costs - 50/bbl WTI, 2.75/Mcf /bbl Mckenzie/Williams Three Forks oil 65 Williams County Bakken oil 63 Permian Delaware Basin Bone Spring oil 59 Captured 40% of all E&P capital Permian…
A Leader In E&P Capital Efficiency Participate in our capex-light growth cumulative capex MM Canacol-gas Peer avg. Capex, x-acquisitions 97 807 ( MM) 807 Production increase (boe/d) 10M 10M Wells drilled 8 73 Q netback 27 12…
Natural Gas Demand Greater Than Supply Supply decreasing 20% / yr. from coastal fields Chuchupa 1 2 Ballena Caribbean Sea Three mature fields in blow-down Barranquilla [-100 MMcf/d per year decline](1) 1 Chuchupa 2 Ballena 3 La…
Epic Gas Deficit On Colombia s Coast Plan to boost gas production to solve supply shortfall Solving Colombia s gas supply deficit The Caribbean Coast had a balanced gas Gas supply-demand forecast in MMcf/d supply-demand profile for…
Canacol s Cluster Of Gas Discoveries Robust reserves + the quest for exploration upside La Creciente 4 blocks: 3 of 4 fields booked 2P reserves 372 BCF 50 prospects / leads Oboe to be booked at 3 TCF exploration 3D seismic the end…
Gas Opportunities Continue To Multiply Potential new pool at Nelson field Porquero formation Nelson-5 Middle Porquero petrophysical interpretation A NELSON-6 B Gross Thickness 153 ft Net Pay 62 ft Porosity 31% GWC- TVDSS…
Large Resource Potential At Esperanza Reduce exploration risk with the application of AVO technology Top CDO depth structure map AVO extraction: Top CDO (magenta marker) to Top CDO +25ms ESPERANZA VIM-5 N 3D seismic image Using 3D…
Successful Exploration on Block LLA-23 With a lot more running room Las Maracas Gross Unrisked EUR LLA 23 12 MMbls Leono Prospect/Leads Wells (MMbbl) 91% WI Pantro 110k acres 3D prospects 13 20 Cravo S Tigro 9 MMbls Leads 5…
Pumara Prospect On Pumara-1 well success case, targeting 5k bopd from 3 wells Ubaque TVDSS map Inline 197 over Pumara C1 NW C7 BARCO SE UBAQUE PALEOZOIC NW 500 m SE Fault dependent anticlinal closure Mapped on…
Shale Oil Opportunity In Colombia World class shale oil Source rock to 2.3 trillion barrels discovered in Ecuador, Colombia and Venezuela(1) Comparable or superior characteristics to the Orinoco heavy oil belt Venezuela Bakken…
Fractured Shale Potential To Be Tested On VMM 2 Top La Luna Structural Map 3D-seismic defined naturally fractured La Totumal Field (producing from Luna Shale fractured shale) Mono Araa-1 well test IP 590 bbl/d Oil demonstrated to…
Oil Exploration Upside Light oil production upside forecast (unrisked) (bbl/d) Large light oil prospects and leads 30,000 inventory 25,000 Dial up or down with oil price environment 20,000 Light oil forecast 3x production from…
Projecting 60%+ Drop In Debt Multiple Debt profile Lower debt multiple to unlock Canacol s equity Debt multiple to trailing 12-month EBITDAX Apollo 3.8x 3.4x BNP 2.8x Start: Eight equal 2.6x installments 2.1x 1.4x…
A Rare Dislocation in Equity Value You re buying Canacol at a discount to the Advantage Canacol vs. five Colombian peers value of our existing gas contracts Potential 2x increase in share price (C3.95) BT NPV-10, US MM US 2,124 CDN…
Investment Opportunity Measuring 2015 2016e Canacol Peer avg. North America Production +63% +17% +11% growth Capex growth -29% +15% +6% Natural gas 5.64 fixed 5.00 volatile 1.58 volatile pricing (/MMbtu) Sensitivity to oil…
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