December 2016 Selling Natural Gas In A SupplyScarce Market
Canacology A history of discovery Supplyscarce Caribbean coast natural gas market Duallisted TSX and BVC Natural Gas Enterprise value 791 MM Ownership by insiders 25% 16e guidance 16 17,000 boepd 135 MM EBITDAX 90 MM…
Colombias Restless Gas Finder Canacol discovered more gas than all Colombia explorers, combined(1) +59% CAGR in 2P reserves(2) 2P reserves in MMboe Dry natural gas record cash flow oil gas 79(3) 13 present 6 discoveries (86%…
A Passion To Explore, And A Drive To Produce +45% projected CAGR in realized contractual gas sales(1) Fixed priced gas contracts erase oil volatility Expressed in boepd 16e sales mix 40,000 High netback natural gas +45% 78%…
Sleep Deprived Over Oil Prices Not Canacol Oil prices at zero Pursuing dry natural gas that features stable pricing Canacol generates 100MM EBITDAX EBITDAX in US MM Quarterly average MMbtu 153 MM 12 142 130 60 118 10 CANACOL…
Canacols Sweet Spot Chuchupa Ballena Caribbean Sea Gas supply 20%/yr. or 100 MMcf/d from 3 mature gas fields(1) Chuchupa, Ballena and La Creciente Gas demand +34% through 2020e Thermoelectric, refining and industrial…
Two New Gas Pipelines To Nearly Triple Canacols Gas Business To 230 MMcf/d Chuchupa Ballena Caracoli 90 MMcf/d Jan Nov 17 Caribbean Sea Paiva SPV +40 MMcf/d Pipeline Co. 130 MMcf/d Dec 17 Build new pipeline Jobo…
Reserves + Productive Capacity From 7 Gas Fields Discovered over 300 BCF in VIM 5 trailing 3yrs. 100% WI 3D Large inventory of prospects / 3D leads Clarinete Oboe Esperanza/ VIM 21 Balanced resource capture 100% WI…
Clarinete3 Development Well Tests 18 MMcf/d Opportunities at Clarinete continue to multiply Cienaga de Oro depth structure map CLA3 CLA2ST B Oboe1 1,500 GWC 6,415 ft. M MIOCENE 1,650 L. ATTIC BLUE SAND 1,800 RED SAND…
Nelson8 Development Well Encounters 163 ft. of Pay Nelson fields 4 existing producers Nelson8 Cienaga de Oro depth structure map A B Gross sand 383 ft. 1,000 Net pay 167 ft. N5 Avg. porosity 23% N4 1,300 1 km N2 PORQUERO N3…
Nelson5 Recompletion Well Encounters 103 ft. of Pay Nelson6 success confirmed the Porquero recompletion opportunity at Nelson5 Nelson6 Exploration target Shallow Porquero A B Depth 6,400 ft. in mid Nov 16 1,000 Pay 41 ft. md (39…
Three Oil Levers, When The Time Is Right Canacols oil portfolio 17 of 21 total blocks targeting oil (83% of total) 2.2 MM oilfocused acres Llanos Basin, Colombia + Oriente Basin, Ecuador Production 3,200 bopd(1) Matchless…
Investigate Potential In The Cretaceous La Luna VMM 2 Mono Capuchino1 (MC1) oil exploration well Offset to MA1, drill MC1 in Dec 16e A MA1 MC1 B Depth structure map 67% WI MC1 MA1 B A N MIOCENE 1,000 1 KM LISAMA BASAL…
Successful Oil Exploration on Block LLA23 With a lot more running room Las Maracas LLA 23 12 MMbls 91% WI Leono Five light oil discoveries made along Pantro 110k acres Cravo S Rancho Hermoso fault trend Tigro 9 MMbls…
LLA23: Pumara1 Exploration For 4MM D&A, exposure to up to 5 pay zones Fault dependent anticlinal closure mapped on 3D 1 target: Gacheta / Ubaque 2 target: Miradaor / Barco / C7 INLINE 197 over PUMARA 91% WI PumaraA 1,900 C1…
7for7 In 2016 2016 Recap 1Q 2017 Balanced Resource Capture Strategy CAPEX 90 MM Feb 17 Spud Caahuate1 gas exploration 7 natural gas wells Spud Pumara1 light oil exploration 5 light oil workovers 1 oil exploration well Mar 17…
Record Cash Flows Are Reducing Canacols Debt Multiple Debt profile Debt multiple in MM Debt to trailing actual 12month EBITDAX Apollo Debt to quarterly EBITDAX (annualized) 250 3.8x 200 3.4x BNP 150 2.8x Start: Eight…
A Rare Dislocation in Equity Value Buy Canacol at a discount to the value of our existing gas contracts BT NPV10, US MM Stable production 166 in MM, except /share amounts under LT contracts 193 TSX share price (12/17/16) CDN…
Contact Calle 113 No. 745 Torre B Oficina 1501 Bogota, Colombia +571.621.1747 IRLAcanacolenergy.com 8th Avenue Place 4500, 525 8th Avenue South West Calgary, Alberta T2P 1G1 Canada 214.235.4798 IRcanacolenergy.com…
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