The Leader In Natural Gas Production Growth +35% CAGR in gas production MMcf/d Guidance 70 85 ~230 \'16 \'17e \'18e \'19e 114 - 129 (1) Based on current gas contracts, net of transportation costs (2) Includes in-the-money…
A History Of Discovery +409 BCF in 2P reserves over the trailing 4-yrs. In USD Reserve reports as of December 2017. Includes Canacol’s oil assets in Ecuador. (1) Pre-tax NPV-10 for Canacol’s 2P oil and gas reserves as of December…
Natural Gas Comparison Canacol vs. North America Special gas economics (1) Canacol’s ‘18e projected realized gas contracts, net of transportation costs (2) Barclays N.A. E&P research NYMEX spot 2018 estimate (3) Barclays N.A. E&P…
Natural Gas Comparison Canacol vs. North America Special gas economics (1) Canacol’s ‘18e projected realized gas contracts, net of transportation costs (2) Barclays N.A. E&P research NYMEX spot 2018 estimate (3) Barclays N.A. E&P…
2018 Plan Exploration & Development, $33 Facilities & equipment, $17 Seismic, workover & other, $30 $80 MM capital budget for 2018 US $ in MM 1. Ensure gas productive capacity exceeds 230 MMcf/d by Dec 2018 • ‘17e guidance 85…
Build Capacity To Exceed 230 MMcf/d • Accelerated drilling program • 2 rigs • 4 exploration & appraisal wells • 3 development • Facilities • Gas gathering system debottlenecking • Gas plant expansion from 200 ? 300 MMcf/d Execute…
Caribbean Gas Market For 30-yrs, Colombia relied on Chevron gas Cartagena Caribbean Sea 10 km Canacol gas blocks Existing gas pipelines Canacol 114-129MMcf/d(1) Cerro Matos0 Barranquilla Mature Chevron fields ~333 MMcf/d…
3-Step Grand Plan On schedule to deliver ~100 MMcf/d of new production in Dec ‘18 3 Sincelejo Cartagena Barranquilla Jobo Station Bremen Strong production growth ahead 1 2 10 km Canacol gas blocks Promigas pipeline expansion…
’18 Chirimia-1 (appraisal) Clarinete Field 143 BCF Cañandonga Toronja Palmer VIM 5 Oboe Trombon Nispero ’18 Breva-1 (Porquero exploration) ’18 Borojo-1 (CDO exploration) Nelson Field 193 BCF 11 Jobo Station Canahuate…
Pandereta 1, 2, 3 Pursuit Tests A Combined 143 MMcf/d Pandereta-1 Pandereta-2 Pandereta-3 • Spud Oct ’17 Dec ’17 Jan ’18 • Primary target CDO CDO CDO • Net gas pay (in tvd) 64 ft. 130 ft. 103 ft. • Flow test 29 MMcf/d 35 MMcf/d 79…
Knowing That Red Means Gas, Which Map Would You Use To Explore For Gas? 1 KM Uncalibrated 3D Calibrated 3D for AVO analysis Breva-1 Arandala-1 Carambolo-1 AVO extraction over Porquero formation Includes test rates Discovery…
2Q 2018 Exploration Breva-1 • Breva-1 • TD 7,300 ft md • Reservoir target Porquero • Drill cost(D&A) $3.1 MM • Multiple follow-up locations up to 3 from the Breva pad 1 KM AVO extraction over Mid Porquero SST marker NUEZ-1…
2Q 2018 Appraisal Chirimia-1 located ~1km from Clarinete-1 (production tested 45 MMcf/d) • Chirimia-1 spud March 12, 2018 • TD 9,440 ft md • Reservoir target CDO formation • Drill cost(D&A) $3.65 MM • Drilled from Clarinete-1…
3Q 2018 Exploration Borojo-1 • Borojo-1 is a AVO supported prospect in the CDO • TD 9,920 ft md • Reservoir target Cienaga de Oro • Drill cost(D&A) $3.6 MM • Offset well COR-12 produced 10 BCF (not drilled in optimal structural…
Divest or Spin Off Canacol-Colombia Oil Mid-year 2018 anticipated transaction closeEcuador 140 280 420 560 Km S. Pacific Ocean Colombia Caguan Putumayo Basin Heavy oil Llanos Basin Light oil Middle Magdalena Basin Shale oil…
Special Assets 18 The lowest cost operator wins(1) In USD (1) For the 3 months ended 12/31/2017 (2) Excludes Ecuador, which is awaiting sale closing • Special assets • Delivering natural gas under LT take-or-pay price contracts…