Forward Looking Statements This presentation may include certain forward looking statements. All statements other than statements of historical fact, included herein, including, without limitation, statements regarding future plans…
Why Natural Gas In Colombia Colombia South Americas oldest/most stable democracy Conventional gas 3rd largest South American economy Regulatory stability (1) Unconventional oil Natural gas in Colombia(2) Countrys gas demand…
Discovered 481 BCF Since Inception History of Canacols 2P reserves +232% 2P reserves replacement ratio In BCF 2P reserves increased 11% to 559 BCF 2P reserves in BCF +11% 559 Delivering BT NPV-10 value of 1.5 B(1), net of CNE debt…
Canacols Consistent Growth 40,300 Natural gas production growth profile In MMcf/d 179.0 6 consecutive quarters of gas sales growth Solid gas portfolio E&P contracts / net acres 5 / 1.1 MM Take/pay fixed wellhead gas pricing…
Infrastructure To Support Superior Gas Sales Growth Average annualized natural gas sales In MMcf/d 315 Barranquilla Caribbean Sea Jun 19e 215 179 Cartagena 113 81 70 16 '12 '16 '17 '18 '19e '22e Bremen 12 Acquired Shona…
2019 Capital Plan 119 MM 2019 focus in MM Lifted gas treatment capacity from 200 3D seismic 330 MMcf/d 16 6 exploration & appraisal + 2 Increase gas sales from 130 215 MMcf/d development wells 50 Other 23(1) Drill 8 (6…
Mamay La Creciente Guepaje Expanding Canacols Gas Resource Runway Sincelejo Recent 30% increase in prospective resources (Source: Gaffney Cline & Associates resource report, effective 12.31.17) Bremen VIM 19 100% WI…
Nelson-13 Development Well Flowtests 33 MMcf/d SSJN 7 VIM 19 Dec 18: encountered the thickest gas reservoirs in corporate history VIM 5 VIM 21 Nelson-13 Esperanza Nelson Field 266 ft TVD of net gas pay from 2 zones Top CDO…
Palmer-2 Appraisal Well Encounters 81 Feet of Pay SSJN 7 VIM 19 VIM 5 VIM 21 Palmer-2 Esperanza Palmer Field Palmer-2 targeting CDO + Porquero upside Depth structure with Fluid Factor extraction (AVO) at top CDO level Geoseismic…
Nelson-7 Development Well Encounters 221 Feet of Pay SSJN 7 VIM 5 VIM 19 VIM 21 Nelson-7 Esperanza Nelson Field Nelson-7 encounters gas in Porquero and CDO Top CDO depth structure Geoseismic section along Nelson-7 wellbore…
Acordeon 1 Exploration Well SSJN 7 VIM 19 Spud May 19: Multiple follow-up locations in success case VIM 5 VIM 21 Acordeon-1 Esperanza Well objective: Investigate presence of gas charged A Acordeon-1 Acordeon-3 B reservoir…
Financial Summary TSX: CNE BVC: CNE.C Strong projected growth in EBITDAX Capital structure US in MM 270 US in MM, except CDN /share +23% TSX /share (5/8/19) CDN 4.10 220 Fully diluted shares outstanding(1) 179 Market…
TSX-Approved Normal Course Issuer Bid TSX: CNE BVC: CNE.C BB- B1 Shares authorized to repurchase up to 14.1 MM % of public float 10% Max share purchase per day 31k 1-yr. approval ending 11/19/19 Canacol shares purchased in…
Outlook June Promigas pipeline expansion +80 MMcf/d of new transportation capacity gas sales to 215 MMcf/d Execute drilling program throughout 2019 Acordeon-1 next Potential significant reserve add Solid progress on new…
Loading...
