Focused Portfolio Supplyscarce Caribbean Duallisted TSX and BVC natural gas market Enterprise value US 717 MM Exploration success (08) 65% Insider ownership 25% 16e guidance 16 17,000 boepd Natural Gas 135 MM EBITDAX YE…
3 Key Portfolio Components Large gas reserves underpin production and cash flow for a decade +52% CAGR in 2P reserves 2P reserves in MMboe Dry natural gas [stable cash flow] oil gas 79(1) 12 and 14 2 acquisitions 13 present 3…
Strong Sales Growth +27% projected CAGR in corporate sales 16 guidance and sales mix Expressed in boepd 40,000+ Natural gas 80% +27% 88% insensitive Tariff oil 19,521 to oil volatility 8% 16,500 Light oil 10,933 12%…
Canacol Doesnt Lose Sleep Over Oil Prices Pursuit of dry natural gas that features stable pricing Oil prices at zero Canacol generates 100MM EBITDAX Best gas pricing EBITDAX in US MM Quarterly average MMbtu 153 MM 12 142 130…
CanacolGas Ranks 1 Midcycle 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 capexlight growth 13 15 cumulative capex MM Canacolgas Peer avg. Capex, xacquisitions 97 807 ( MM) 807 Production increase (boe/d) 10M 10M Wells drilled 8 73 1Q 16…
Natural Gas Demand Greater Than Supply Chuchupa 1 2 Supply decreasing 20% / yr. from coastal fields Ballena Caribbean Sea Three mature fields in blowdown Barranquilla [100 MMcf/d per year decline](1) 1 Chuchupa 2 Ballena 3 La…
Epic Gas Deficit On Colombias Coast Plan to boost gas production to solve supply shortfall Solving Colombias gas supply deficit Gas supplydemand forecast in MMcf/d The Caribbean Coast had a balanced gas 600 supplydemand…
Canacols Cluster Of Gas Discoveries Robust reserves + the quest for exploration upside 3 TCF of exploration upside(1) 100% WI 15 2P reserves 372 BCF Date Test Pay Porosity (%) 785k acres 16 Oboe add 28 BCF (MMcf/d) (Ft.) 4 gas…
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 VIM5 N 3D seismic image Using 3D…
Gas Opportunities Continue To Multiply Potential new pool at Nelson field Porquero formation Nelson5 Middle Porquero petrophysical interpretation A NELSON6 B Gross Thickness 153 ft Net Pay 62 ft Porosity 31% GWC5500TVDSS…
Successful Exploration on Block LLA23 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 9 MMbls Tigro Leads 5…
17 Pumara Prospect On Pumara1 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…
Shale Oil Opportunity In Colombia World class shale oil Source rock to 2.3 trillion barrels discovered in Ecuador, Colombia and Venezuela(1) Orinoco heavy oil belt Comparable or superior characteristics to the Venezuela Bakken…
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 Canacols equity Debt multiple to trailing 12month 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 Buying Canacol at a discount to the value of our existing gas contracts BT NPV10, US MM CDN /share in MM, except /share amounts TSX share price (7/25/16) CDN 3.99 2,124 FD shares…
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…
Contact Calle 113 No. 7-45 Eighth Avenue Place Torre B Oficina 1501 4500, 525 Eighth Avenue South West Bogota, Colombia Calgary, Alberta T2P 1G1 Canada +571.621.1747 214.235.4798 IR-LAcanacolenergy.com IRcanacolenergy.com 20
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