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,…
Solving Colombias Natural Gas Supply Deficit Guajira fields Colombias natural gas demand 1999-2033(1) 2,000 In MMcf/d Barranquilla Barranquilla 1,500 Cartagena Caribbean Sea Hocol New 1,000 Blocks Awarded 500 in 2019 0…
Tracking Canacol-Gas Large and growing land position Large gas reserves base(1) Robust sales growth 2P reserves in BCF In MMscf/d 85k 1.4 mm net acres BT NPV-10 1.5 B(1) By 23, 46% growth (205 300 MMscf/d) 7 140 prospects & leads…
2020 Capital Plan: Modest Spending, Lots of Exploration Drilling 114 MM in MM 2020 focus Drill 12 wells: 9 exploration, 1 appraisal Admin, ESG and Maintenance and and 2 development wells other; 12 development Facilities and…
Canacols Financial Policy TSX: CNE BVC: CNE.C 20e Free Cash Flow Waterfall Canacols new quarterly dividend USMM US 28MM per annum 4.5% yield (as of Jan 6, 2020) 270 30 First Record payment date: 12/16/19 12/31/19 265 30 40 40…
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…
Land & Conventional Natural Gas Resource Upside SSJN7 CNE Operator Land(1) 50%WI Exploration contracts 8 Net acres 1.4 MM Running room along defined play fairways VIM19 Resource upside 2.6 TCF (2) 100%WI Prospects & Leads 140 Gas…
2020 Drilling Campaign 12 Wells All 100% Interest Owned and Operated Well Well Type 1Q 2Q 3Q 4Q Nelson-14 Development Clarinete-5 Development Fresa-1 Exploration Porro Norte-1 Exploration Rig 1 Flauta-1 Exploration Ocarina-2…
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 4.80 guidance 3,89 3,88 3,92 3,85 3,80 3,62 '13 '14 '15 '16…
Financial Summary Capitalization Quarter end 3Q 2019 liquidity snapshot US in MM, except CDN /share 49,1 TSX /share (Jan 6, 2020) CDN 4. 67 Basic share count(1) 178.9 Market capitalization(2) 643 Net debt(1) 336 Enterprise value…
APPENDIX Upcoming Drilling Activity 16
Nelson-14 Development Well (PUD), Esperanza Nelson Field (Depth Structure: Top CDO) Well objective: Improve reservoir drainage (Recovery Factor) of unperforated gas-charged CDO reservoir sandstones Nelson 2 situated in an up-dip…
Clarinete-5 Development Well (PUD), VIM 5 Well objective: Improve reservoir drainage (RF) of unperforated gas-charged stratigraphic intervals in CDO Clarinete Field (Depth Structure: Top CDO Blue SS3) reservoir sandstones situated in…
Fresa-1 Exploration Well, VIM 21 Well objective: Drill 3-way fault dependent closure to assess presence of CDO gas-charged reservoir Fresa-1 (Depth Structure: Top Intra CDO & AVO Extraction) sandstones supported by AVO methodology as…
Porro Norte-1 Exploration Well, VIM 5 Porro-Norte-1 (Depth Structure: Top CDO) Well objective: Drill 4-way anticline with fault dependent upside to assess presence of gas in multiple stacked targets supported by AVO methodology as…
APPENDIX Natural Gas Is The Future Colombias natural gas demand 2000-2032(1) World energy production(2) MMscfpd BTUs Trillions Natural gas 1,500 1,000 Oil Renewables 500 0 1999 2009 2019 2029 Power Residential Commercial…
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…