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…
Colombias Largest Independent Natural Gas Producer Conventional Natural Gas In Colombia Competitive Advantages 1. Focused 1. Significant Upside Conventional natural gas pure play World class assets with organic focused in Colombia…
Canacols Special Natural Gas Operating Model 1 Market Leader Canacols supply 25% of Colombia gas The largest independent natural gas producer Country gas demand 1 BCF / +2-3% per yr. in supply deficient Colombia Gas supply,…
Special Opportunity In Solving Colombias Natural Gas Supply Deficit Guajirafields Colombias Caribbean gas market supply In MMcf/d Barranquilla 600 Cartagena 590 500 CaribbeanSea Hocol 400 120 Frontera 175 300 Guajira fields…
Tracking Canacol-Gas Large gas reserves base Robust sales growth Greater opportunity ahead 2P reserves in BCF In MMscf/d BT NPV-10 1.5 B(1) By 23, 48% growth 85k 1.1 net acres Added 481 BCF from 13 18 (200 300MMscf/d) 7 140…
Success Delivers Infrastructure Growth Guajira Average annualized natural gas sales In MMcf/d 300 Barranquilla CaribbeanSea 1st 9 days of Oct19 211 Cartagena Bremen 113 Sincelejo 81 16 70 '12 '16 '17 '18 Oct '19 '23e…
2019 Capital Plan 119 MM in MM 3D seismic 16 5 exploration & appraisal + 2 development wells 50 Other 23(1) Facilities expansion & equipment 30 Lifted gas treatment capacity from 200 330 MMcf/d 6-for-7 in 2019 2…
Industry-Leading Exploration Success Utilizing AVO Applying AVO to investigate presence of gas-charged sandstones Uncalibrated 3D Calibrated 3D for AVO analysis Includes pay in ft. TVD Canacol with AVO 22 for 24 (92%) Canacol…
Mamay La Creciente Guepaje Expanding Canacols Gas Resource Runway Sincelejo History of our gas future Bremen Canacol-gas '12 - '13 '14 - '16 '17 - '18 CAGR Blocks 2 4 5 14% Net acres (in 000s) 85 725 1,100 44% VIM 19 Gross…
Forward Plan VIM 5 100% WI 2019 7 wells & 3D seismic 6 wins (Palmer-2, Nelson-7, Acordeon-1, Ocarina-1, Clarinete-4, Arandala-1) 1 dry hole (Pandereta-5) 155 km2 Guacharaca 3D acquisition Guacharaca 3D complete Pandereta…
3Q 19 Financial Highlights 3 months ended 9/30/18 vs. 9/30/19 US in MM Key data Revenues 55.1 MM, +25% y/y +25% 55.1 EBITDAX 46.0 MM, +28% y/y +28% 83% margin 46.0 43.9 Funds from operations 36.4 MM, +41% y/y +41% 36.4 36.0…
Remarkable Stable Natural Gas Operating Model Historical sales price and operating netbacks In /MCF 5.52 5.27 4.87 4.83 4.83 4.84 4.65 4.53 4.42 4.39 4.75 guidance 3.89 3.88 3.92 3.85 3.80 3.62 '13 '14 '15 '16…
Canacols Financial Policy TSX: CNE BVC: CNE.C 20e Free Cash Flow Waterfall US in MM Canacols new dividend 270 30 US 28MM per annum 40 4.4% yield (as of 11/8/19) Record payment date: 12/16/19 12/31/19 120 Return-focused, LT…
Financial Summary Capitalization Quarter end 3Q 2019 liquidity snapshot US in MM, except CDN /share 49.1 TSX /share (11/15/19) CDN 4.76 FD shares outstanding(1) 182 Market capitalization(2) 656 Net debt(3) 340 Enterprise value…
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APPENDIX Arandala-1 Exploration Well Cased & Completed In 4Q 19 Well objective: Supported by AVO methodology, investigate presence of gas-charged reservoir sandstones in the Porquero Formation LCC LCC 1 KM Fluid Factor at Middle…
APPENDIX Natural Gas Is The Future Colombias natural gas demand 2000-2032(1) World energy production(2) MMscfpd BTUs Trillions Natural gas 1,200 900 Oil Renewables 600 300 0 2006 2008 2000 2002 2004 2014…
APPENDIX Managing Risks Macro Risks Operations Surface & Subsurface Risks 1. Geopolitical 1. Operational Market/sector-friendly Colombia Best industrial & safety practices President for the next 3 yrs. Exceeding production and…
APPENDIX Corporate Social Responsibility Projects 18-19 Investment US3.1MM 44% CNE 56% Allied 1 Masificacin de Gas In partnership with Surtigas, we provide natural gas to local communities ( 1,500 families) Pisotn Emotional…
Investor Presentation November 2019 Carolina Orozco Director, Investor Relations 44 (0) 755.537.3873 corozcocanacolenergy.com Kevin Flick VP, Investor Relations 214.235.4798 kflickcanacolenergy.com Phil Heinrich Investor…