The Leader In Natural Gas Production Growth 11 - 129 (1) Includes in-the-money options based on CDN $4.12 / share price (2) Converted from CDN ? USD exchange rate (0.78) as of 5/15/18 • 2018 guidance • Capital $80 MM • Gas 114 –…
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…
2018 Plan Exploration & Development, $33 Facilities & equipment, $17 Seismic, workover & other, $30 $80 MM capital budget for 2018 US $ in MM Gas overweight: 97% of production and capital Ensure Canacol’s achieves 230 MMscfpd…
2018: Build Capacity To Exceed 230 MMcf/d • 4 wells left for 2018 • 3 exploration wells • 1 appraisal/development • Facilities • Gas gathering system debottlenecking • Recently signed agreement w/ Enerflex Ltd. • Gas plant…
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…
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 10 Jobo Station Canahuate…
Pandereta 1, 2, 3 Pursuit Tested 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…
Appraised Chirmia-1 • Chirmia-1 • Drilled from Clarinete-1 (“CLA-1) pad • TD 9,310 ft md in 13 days • Reservoir CDO formation • Net gas pay (“TVD”) 90 ft. • Avg. porosity 24% • Test 3 intervals perforate before tie-in to Jobo…
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…
May 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…
• 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 location) Fluid factor extraction…
Divest Or Spin-Off Canacol-Colombia Oil By June 2018 anticipated transaction close Ecuador • Closed the sale of Ecuador assets in Feb ‘18 • $36.4 MM in cash proceeds Colombia • Divest or spin-off Colombia assets • Diversified…
Key Benefits of Canacol’s New Senior Notes (1) Includes in-the-money options based on CDN $4.12 / share price (2) Converted from CDN ? USD exchange rate (0.78) as of 5/15/18 (3) As of 3/31/18 (4) Fluctuating three month Libor +5.5% as…
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