February 2017 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 704 MM Ownership by insiders 21% 90% of production insensitive to low oil prices LT…
Canacology A portfolio approach Canacol Energys Cumulative Exploration Success 90% Natural Gas 3 key components 86% Dry natural gas record cash flow 80% 13 present 6 discoveries (86% success) +302 BCF (+53 MMboe) 71% Gas produced…
Colombias Restless Gas Finder Canacol discovered more gas than all Colombia explorers, combined(1) +59% CAGR in 2P reserves(1) 600 MMboe of EUR prospective resources(3) 2P reserves in MMboe Oil Gas 62% exploration success 79(2)…
A Passion To Explore, And A Drive To Produce +45% projected CAGR in realized contractual gas sales(1) Fixed priced gas contracts offer stable cash flows Expressed in boepd Sales mix 40,000 High netback +45% natural gas 80%…
Canacols Competitive Advantage Oil prices at zero Canacol generates 100MM EBITDAX Pursuing dry natural gas that features stable pricing EBITDAX in US MM Quarterly average MMbtu 149 MM 16 138 127 60 14 117 12 45 106 MM 10…
CanacolGas Is The Leader In Cash Generation Vs. North America Gas(1) Vs. Colombia Oil Canacol avg. well 8month payout Consistent cash flow Avg. Marcellus/Montney 23month RLI higher (10yrs. is higher than Colombian benchmark…
Canacols Sweet Spot Chuchupa Ballena Barranquilla Caribbean Sea Gas supply decline 20%/yr. or Cartagena 100 MMcf/d from 3 mature gas fields(1) Chuchupa, Ballena and La Creciente Gas demand +3% through 2025e(2) La…
Two New Gas Pipelines To Nearly Triple Canacols Gas Business To 230 MMcf/d Chuchupa Ballena 90 MMcf/d Barranquilla Jan Nov 17 Caribbean Sea SPV +40 MMcf/d Pipeline Co. Cartagena = 130 MMcf/d Dec 17 Build new pipeline Jobo…
Expansive Inventory of Exploration Prospects & Leads 6 discoveries representing over 300 BCF in trailing 3yrs. 2P F&D of 3.78/boe for 2.5 yr. VIM 5 period ended Dec 2015 3D 100% WI Large inventory of prospects / 3D…
Caahuate1 Exploration Target Up to 70 ft. of CDO gas pay in offset Coral wells 3D seismic demonstrates stacked AVO events potentially gascharged reservoir targets A CAAHUATE1 CAAHUATEB B 1,000 B JOBO6 CAAHUATED 1,200 MID…
Three Oil Levers Able to dial up / dialdown with oil price environment Canacols oil portfolio 17 of 21 total blocks targeting oil (83% of total) 2.2 MM oilfocused acres 1 Oriente Basin, Ecuador + 2 Llanos Basin, Colombia +…
Conventional Fractured Shale VMM 2 Mono Capuchino1 (MC1) oil exploration well, 67% WI Offset to MA1, drilling MC1 Depth structure map MA1 MC1 MC1 MA1 A B B A N MIOCENE 1 KM 1,000 LISAMA BASAL LISAMA UMIR…
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 Target 1 Gacheta/Ubaque Target 2 Mirador/Barco/C7 Fault dependent anticlinal closure mapped on 3D 1,500 PumaraA Leon appraisal 1,750 NW C1 2,000 Pumara1 SE C7 2,250 Mirador / Barco…
Delivering On Expectations 2016 plan Lookback at 2016 plan 1Q 2017 plan gas production to 90 MMcf/d to EXECUTED meet contractual obligations Feb 2017 anticipated spud of Caahuate1 productive capacity to 100 MMcf/d + REALIZED…
A Rare Dislocation in Equity Value Despite superior economics, buy Canacol at a Buy Canacol at a discount to the value of our existing gas contracts discount to the North America shale gas companies BT NPV10, US MM Stable…
New US 265 Million Senior Secured Term Loan Financial house in order Canacols corporate debt profile Refinanced 2 loans 250 Mar 22 BNP term loan 180 MM / L+4.75% maturity Apollo sub notes 75 MM / L+8.50% US 265 MM 200 1…
44% Upside To Avg. Analyst Target Price Share Price vs. Analysts 7.00 In CDN /share 5.60 avg. 4.80 4.50 In CDN dollar / share Price Implied 4.00 Bank Target Upside Mackie Research 7.00 80% 3.89 TD 6.50 67% Scotia…
Appendix The Leader In Cash Generation Comparing payback periods by play Canacol Nelson CdO Fm Canacol Nelson CdO Fm 8 months Canacol Clarinete / Oboe CdO Fm Canacol Clarinete / Oboe CdO Fm 10 months Woodenhouse Heavy Oil (Vt.)…
Appendix Generating Top Tier Returns Comparing IRRs by play Woodenhouse Heavy Oil (Vt.) Canacol Nelson CdO Fm Canacol Nelson CdO Fm 108% Kakwa (Nest 2) Montney LiquidsRich Gas Canacol Clarinete / Oboe CdO Fm Canacol Clarinete /…
Higher Netback / Productivity = A Competitive Edge Comparing midcycle breakeven costs by play 4.50 Break Even [Henry Hub US/mcf] 4.00 Natural gas 3.50 Liquids 3.00 2.50 2.00 1.50 1.28 1.05 1.00 0.50 0.00 Source:…
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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