Why Natural Gas In Colombia? 3 Bogota Colombia Caribbean Sea 70km Canacol’s gas E&P blocks oil E&P blocks gas • South America’s oldest/most stable democracy • 3rd largest South American economy • 2016 peace treaty = security •…
Colombia’s Natural Gas Supply Deficit • Caribbean natural gas supply decline 15%/yr.(2) demand +3%/yr.(2) • Limited competition • Infrastructure is a key challenge to growth Hocol 30 MMcf/d Frontera 25 MMcf/d Mature Chevron…
Canacol’s Consistent Growth • Solid gas portfolio • E&P contracts / net acres 5 / 1.1 MM • Take/pay fixed wellhead gas pricing $4.85/mcf(1) • Robust operating margins >75% • Continuous production and reserves growth • Est.‘18?‘19…
Discovered 468 BCF In 5-years • Natural gas success • Acquisitions $170 MM • Capital invested $244 MM $414 MM • Value created $1.4 B(2) • ‘17 2P reserve replacement 399% • Solid reserve base underpins value • Blocks/net acres 5 /…
August 3rd Environmental Permit Enables Canacol To Add +100 MMcf/d in ‘19 Dec ’12 +20 MMcfd • Acquired Shona Energy • 80 km pipeline ? Cerromatoso nickel mine Apr ‘16 +65 MMcfd ? 85 MMcfd • Promigas-funded 190 km pipeline Dec ‘17…
A Conventional Natural Gas Success Story 21 Esperanza Chirmia Clarinete Field 143 BCF Cañandonga Toronja VIM 5 Oboe Trombon Nispero Nelson Field 193 BCF Canahuate Pandereta 5 km Canacol gas 3D seismic Flow line Lead…
VIM 21 100% WI Sabanas 2017 Breva Clarinete Cañandonga Esperanza Chirimia Jobo Station El Deseo Chimu Canacol gas field Gas field Prospect Lead 3D seismic Existing flow line Future flow line Facilities 5 10 15 km…
3rd Consecutive Shallow Porquero Gas Discovery Breva-1 • 3-for-3 exploration discoveries • Up to 5 additional locations • Emerging and important new Porquero play type • Canacol investigating future Porquero upside across 1.1 MM net…
Acordeon Running Room? November ’18: Acordeon-1 exploration well on VIM 5 Fluid factor section along Acordeon-1 and -3 Acordeon-1 Acordeon-3 11 A Chirimia ‘18 Clarinete ‘14 A-3 Acordeon-A, -B,-C Acordeon-1 A-2 Depth Structure…
Divesting Canacol Conventional Colombia Oil By September 1 anticipated transaction close Ecuador 140 280 420 560 Km S. Pacific Ocean Colombia Caguan Putumayo Basin Heavy oil Llanos Basin Light oil Middle Magdalena Basin Shale…
La Luna Shale Oil • Source rock >2.3 trillion barrels in S.A. • Canacol’s unconventional portfolio • Operating partner ConocoPhillips • Non–operated WI 20% • 2 Blocks VMM2 & VMM3 • VMM2 Carried in 1st Explorat Phase • D&M…
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