Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Management Sustainability Financial Strength & Discipline Large exploration resource inventory Strong balance sheet; low leverage Experienced,…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 180.9 Share Price (C) 2 3.59 Market Cap (USMM) 3 467 South America Net Debt (USMM) 4 334 Enterprise Value (USMM) 801 Quarterly Divendend (C/sh) 0.052…
Why Colombia A Large and Growing Economy Growing Gas Demand (bcf/d)2 (GDP, US bn PPP)1 800 History Forecast 1,600 600 1,200 400 800 200 400 0 0 2000 2003 2006 2009 2012 2015 2018 1999 2004 2009 2014 2019 2024 2029…
Colombia plans to use a lot more gas in its transition to renewables Climate Change: Energy Demand Projections (PJ)2 Colombia plans to use more gas to meet its Paris Agreement CO2 Emission Target: 20% by 2050 2,000 Gas produces 50%…
Meeting Colombias Natural Gas Demand Colombias Proved Reserves (TCF)1 6 14% 12% Colombias historic gas supply glut ended as Canacol entered the gas 10% business 4 8% Colombia national proved reserves declining at 7% per year…
Solving Colombias Looming Natural Gas Supply Deficit Colombia Gas Supply / Demand vs Canacol planned Sales (MMcf/d) 1,500 Canacols planned future sales expansion expected to coincide with forecast supply shortfall post 1,000…
Track Record of Growing Gas Sales Pivot to High Margin Natural Gas Business Complete 350 Sales (MMscfd) New 100 MMcf/d pipeline brought 330 onstream in Q3/19 300 Record Q1 Realized Contractual Sales of 250 201.5 MMcf/d 200…
Steady Reserves Additions Underpin Plans For Future Production Growth 800 2P Working Interest Gas Reserves (bcf) 700 624 600 559 696 bcf added through discoveries 505 and technical revisions since 2012 500 411 400 372 300…
Driving Value Reserves Growth and Efficient Development Drives Growing Reserves Value After-Tax NPV10 (USMM) 1,583 1,500 2P FD&A Costs (US/Mcf)1 1,136 1,083 1,033 1-Year 0.87 1,000 945 3-Year 0.67 873 783 785 638 639 651…
Long-Term Supply Shortage = High and Stable Gas Prices For 2020, 80% of 205 mmcfd sales guidance is on long- term fixed Price take or pay contracts. Realized Gas Price History (US/Mcf)1 Canacols sales and transportation contracts…
LNG Context Historical prices of US LNG exports to Colombia before transport & regas :(1) Expected LNG higher future prices due to: 2H 2019 Jan-20 Feb-20 Production of US associated gas declines with 5.67 5.18 5.37 lower oil…
Infrastructure Secures Market Access Positioned for Growth 1. 2012 Acquired Shona 80 km pipeline to Cerromatoso 2. 2016 190 km pipeline expansion to Cartagena 3. 2017 82 km pipeline Jobo Bremen 2 4. 2019 190 km pipeline twinning to…
Lower Magdalena Valley Basin Middle Magdalena Valley Basin Legend Canacol Gas Fields Canacol Gas Blocks 0 12.5 25 50 75 100 Kilometers 2020 Investor Presentation 14
Industry-Leading Exploration Success Utilizing AVO* Uncalibrated 3D Calibrated 3D for AVO analysis Includes pay in ft. TVD Discovery Arandala-1 Prospect Cacahuate-1 30 ft. Datil-1 Breva-1 Carambolo-1 29 ft.…
VIM5 W E LL C L A S S IF IC A T IO N ( PORRO NORTE-1 N e ls o n 14 D e v e lo p m e n t C la rin e te 5 D e v e lo p m e n t P a n d e re ta 8 D e v e lo p m e n t P a n d e re ta 4 F la u ta - 1 A p p ra is a l E x p lo ra tio n…
Covid-19 Outlook & Guidance Update Colombias mandatory lockdown: Canacols Take or Pay Contracts: March 26 April 27: No Force Majeure Industrial, construction, and commercial demand No defaults for gas decrease significantly April…
Canacols Financial Policy 2020 Free Cash Flow Waterfall USMM Canacols New Quarterly Dividend 197 mmcf/d Scenario with interrupt sales US 28MM per annum 170 mmcf/d Scenario no interrupt sales 5.8% yield (as of May 8, 2020) 233 30 No…
Environment - Operating Responsibly Investing for continued reduction of emissions per unit of production, Canacol is Emitting 70% less GHGs per unit of production than Colombian oil and gas industry averages1 Annual direct CO2…
Sustainability Highlights Environment 2018 vs 2017 CO2 & PM Emissions HSE Energy Water Management & Peer Comparison Reduction Biodiversity Consumption Waste Reduction vs Colombian Operators(2) : Replacing Diesel. 90% of 0…
Sustainability Highlights Together in Covid-19 Social Employees, Canacol & Entretejiendo Foundation together supporting the most vulnerable COP 61,000 million invested in projects for local communities(1) Donations to…
Colombias Largest Independent Natural Gas Producer Focused Leader Well Positioned Conventional natural Largest supplier to the Caribbean Coast Only active onshore gas operator gas pure play focused in and largest independent…
Advisories This presentation is provided for informational purposes only as of March 2020, is not complete and may not contain certain material information about Canacol Energy Ltd. (Canacol or the Company), including important…
Advisories Oil and Gas Information Barrels of oil equivalent (boe) Boe may be misleading, particularly if used in isolation. A boe conversion ratio of cubic feet of natural gas to barrels of oil equivalent is based on an energy…
Clarinete-5 Development Well (PUD), VIM 5 Clarinete-1 Clarinete-2ST Clarinete-1 Drilled 2015 500 m Clarinete-5 Clarinete-4 Current production 18 MMcf/d Cumulative production 18 BCF N W E Clarinete-2ST E Clarinete-1…
Pandereta-8 Development Well, VIM 5 PAN- A 8 B 500 M PAN- 5 A PAN-4 PAN-8 B Penetration point at Blue-SS2 AVO event Pandereta-8 (Blue-SS2 Depth Structure & Upper-CDO Fluid Factor extraction) Well objective:…
Porro Norte-1 Exploration Well, VIM 5 A Porro Norte-1 SAN BENITO-1 A San Benito-1 Porro Norte-1 Mid Miocene UC Porro Norte Contours 100 Line PO-1310-2011 3 km B Porro Norte-1 B Well objective: Drill 4-way…
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