Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Management Sustainability Financial Strength & Discipline Growing reserves, production, and cash flow Strong balance sheet Experienced,…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 180.6 Share Price (C) 2 3.60 Market Cap (USMM) 3 501 South America Net Debt (USMM) 4 330 Enterprise Value (USMM) 831 Quarterly Dividend (C/sh) 0.052…
Why Colombia A Large and Growing Economy Growing Gas Demand (mmcf/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…
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 Gas Demand in Colombia increasing 3% per year for the last 10 yrs. Colombias largest state operated fields…
Colombia plans to use significantly more gas in its transition to renewables Climate Change: Colombia plans to use more gas to meet its Paris Agreement CO2 Emission Target: 20% by 2050 Energy Demand Projections (PJ)2 2.000 Gas…
Long-Term Supply Shortage = High and Stable Gas Prices Canacols sales and transportation contracts create barriers to entry for potential competitors in the Colombian gas market. Realized Gas Price History (US/Mcf)1 Volatility of…
2020 Revised Plan Budget 2020 Gas Sales Gas Sales 170 197 MMscf/d Original 205 MMscf/d Capex 108 million 15 32 Original 114 million 108 MM Drill 8 wells 26 4 exploration 35 1 appraisal 3 development Execute agreements to…
Track Record of Growing Gas Sales 2020 Guidance: 330* 197 MMcf/d with interruptible Sales (MMscfd) demand reactivating 170 MMcf/d without interruptible demand reactivating 170 - 197 Contracts: fixed price take-or-pay…
Reserves Underpin Value and Future Production Growth 696 bcf added through discoveries and technical revisions since 2012 2P Working Interest Gas Reserves (bcf) After-Tax NPV10 (Corporate Total, USMM) 1.583 624 559 505 1.136 411…
LNG Context Historical prices of US LNG exports to Colombia before transport & regas : (1) Expected LNG higher future prices due to: Production of US associated gas declines with 2H 2019 1H 2020 3Q 2020 lower oil production 5.67 5.18…
Canacols Financial Policy 2020 Free Cash Flow Waterfall USMM 197 mmcf/d Scenario with interrupt sales Canacols New Quarterly Dividend 170 mmcf/d Scenario no interrupt sales US 28MM per annum 233 5.8% yield (as of Sep 30, 2020) 233…
Financial Flexibility1 Debt Profile: Revolving Credit Facility: 46 million Senior Notes: 320 million 3 Year Term, Undrawn Maturity: May 2025, Interest Rate: LIBOR + 4.75% on drawn amounts Interest Rate: 7.25% 1.425% on undrawn…
Future Growth Projects 1 El Tesorito 200 MW Power Plant - Consortium: Celsia, Proelectrica, Canacol (10%) - Operator: Celsia - 7 kms south of Canacols producing facilities - Estimated gas consumption 30 MMscf/d - Celsias estimated…
Positioned for Growth Large resource base Land (Gas) SSJN 7 VIM 33 Blocks 8 VIM 19 Net acres 1.4 MM Lower Prospective resources (Tcf)(1) Magdalena Valley Un-risked 4.7 Basin VIM 21 Risked 1.4 VIM 5 Esperanza Prospects &…
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.…
2020 Drilling 8 Wells All 100% Interest and Operated Largest exploration investment in Canacols history ongoing delayed by COVID-19 Rig Well Well Type Nelson-14 Development Clarinete-5 Development Rig 1 Pandereta-8…
Environment - Operating Responsibly Investing for continued reduction of emissions per unit of production Canacol is emitting 77% less GHGs per unit of production than Colombian o&g industry avg1 Annual direct CO2 emissions per unit…
Energy that generates wellness Environment: Local Development: Health & Safety Governance: A cleaner energy future Energy that moves society Pillar of our Operations Performance catalyst Decreased 12% our total 150 projects focused…
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…
FF SECTION ALONG FRESA-1 Fresa-1 Exploration Well, VIM 21 A FRESA-1 B FF EXTRACTION: INTRA CDO JOBO-11 JOBO-9 JOBO-4 ARIANNA-1 JOBO-10 ARIANNA-3 CORAL-2 JOBO-1 JOBO-2 B JOBO-8 KATANA-1 JOBO-3 1 KM FRESA-1…
Pandereta-4 Appraisal Well, VIM 5 PAN-2 PAN-8 PAN-2 PAN-1 PAN-4 A B B 500 M PAN- 5 MID CDO AVO event A B PAN- 4 PAN- 8 BASEMENT Penetration point at Blue-SS2 AVO event Pandereta-4 (Blue-SS2 Depth Structure…
Flauta-1 Exploration Well, VIM 5 B A FLAUTA-1 B 1 KM FLAUTA-1 AVO event AVO event A Penetration point at Upper CDO 25 Well objective: Fluid Factor extraction on Upper CDO, superimposed with Upper CDO depth contours The…
Siku-1 Exploration Well, VIM 5 OBOE-2 OBOE-1 SIKU-1 A B Fluid Factor Extraction Lower Attic Contours 50 BLUE-SS3 B OLIFANTE-1 RED-MARKER SIKU-1 SIKU-2 OBOE-1 PICCOLO-1 OBOE-2 A PICCOLO-2 1 Km Penetration Point…
Appendix Financial Performance and Valuation 2020 Investor Presentation
Advisories This presentation is provided for informational purposes only as of November 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…
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