Why Natural Gas In Colombia? 3 Bogota Colombia Conventional gas Colombia • South America’s oldest/most stable democracy • 3rd largest South American economy • Regulatory stability (1) Natural gas in Colombia(2) • Country´s gas…
Colombia’s Natural Gas Supply Deficit Strong gas demand on Colombia’s Caribbean Coast • Demand ~450 MMcf/d increasing 3% / yr.(2) Terminal decline in Caribbean gas supply • For 30+ yrs., Chevron provided ~50% of gas supply • Times…
Discovered 481 BCF Since Inception 78 114 365 409 505 559 \'13 \'14 \'15 \'16 \'17 \'18 In BCF 2P reserves in BCF +11% History of Canacol’s 2P reserves +232% 2P reserves replacement ratio • 2P reserves increased 11% to 559 BCF…
Canacol’s Consistent Growth Solid gas portfolio • E&P contracts / net acres 5 / 1.1 MM • Take/pay fixed wellhead gas pricing $4.75/Mcf(2) • Operating netback $3.75/Mcf • Robust operating margins ~79% Continuous production and…
Infrastructure To Support Superior Sales Growth Jobo Station Bremen Sincelejo To Medellin 2012 ? 16 MMcf/d • Acquired Shona Energy • 80 km pipeline ? Cerromatoso nickel mine 2016 ? 70 MMcf/d • Promigas-funded 190 km pipeline…
Jobo 1&2 LNG New Manifold PIA Jobo 3
2019 Capital Plan 7 remaining $119 MM wells in 2019 (1) Pre-operative seismic, workover, trailing, social, and other costs # Well Classification 4Q \'18 1Q \'19 Remainder of \'19 1 Nelson-13 Development 2 Palmer-2 Appraisal 3…
Pandereta Oboe Nispero Trombon Palmer Toronja Canah?ate SSJN 7 CNE operator + 50% WI VIM 5 100% WI Bremen Sincelejo Guepaje Mamay VIM 19 100% WI Esperanza 100% WI VIM 21 100% WI Sabanas 2017 Breva Clarinete…
Nelson-13 Development Well Dec ‘18: encountered the thickest gas reservoirs in corporate history Nelson Field A B Top CDO depth structure 500 M Penetration point B A Nelson-13 Nelson-13 11 266 ft TVD of net gas pay from 2…
Palmer-2 Appraisal Well Encounters 81 Feet of Pay A B Palmer-2 Penetration point Surface pad location Palmer Field Palmer-1 Drilled Jul ’14 Current production 10 MMcf/d Cumulative production 9 BCF Geoseismic section along…
Nelson-7 Development Well Spud 1Q ‘19: build out productive capacity to 230 MMcf/d Geoseismic section along Nelson-7 wellbore trajectory A Nelson-7 B Nelson 2 & 3 (“N-2, N-3”) • Drilled 2011 • Current production 13 & 15 MMcf/d •…
Acordeon 1 Exploration Well Spud 2Q ‘19: Multiple follow-up locations in success case Fluid factor section along Acordeon-1 and -3 14 A B SSJN 7 VIM 5 VIM 19 VIM 21 Esperanza Acordeon-1 Acordeon-1 Acordeon-3 A B Chirimia…
Financial Summary US $ in MM, except CDN $/share TSX $/share (4/2/19) CDN $4.53 Fully diluted shares outstanding(1) 180 Market capitalization(2) $ 612 Net debt(3) $ 333 Enterprise value $ 945 Insider ownership 22% Capital…
Focused 2019 Plan 2019 focus Complete Jobo expansion • From 200 ? 330 MMcf/d June 1 Promigas pipeline expansion • ? gas sales from 130 ? ~215 MMcf/d Drill 7 remaining exploration, appraisal and development wells • Targeting 3P…
Loading...
