Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Management Sustainability Financial Strength & Discipline Growing reserves, production, and cash flow Supplying the growing demand for clean-…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 180.6 Share Price (C) 2 3.70 Market Cap CAD668MM - (USMM) 3 528 South America Net Debt (USMM) 4 329 Enterprise Value (USMM) 857 Quarterly Dividend (C/sh)…
Why Colombia A Large and Growing Economy Growing Gas Demand (mmcf/d)2 (GDP, US bn PPP)1 1.000 History Forecast History Forecast 1.400 800 1.200 600 1.000 800 400 600 200 400 200 0 0 2000 2005 2010 2015 2020 2025 2000…
Gas Market in Colombia Increasingly Vital Supplier of Gas to Caribbean Coast Market - Over the last decade, Canacol has rapidly grown production to supply 50% of demand in the Caribbean market, supporting rapidly growing demand…
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 give us a strong competitive advantage in meeting Colombias increasing gas demand. Realized Gas Price History (US/Mcf)1 Volatility of…
2021 Guidance CAPEX Budget 2021 Gas Sales 19 153 190 MMscf/d 21 140 MM CAPEX 15 140 million 85 Drill 12 wells 9 exploration 3 development Exploration Wells Admin, ESG, & Seismic & Other Seismic Acquisition Acquire 665 km2 of 3D…
ESG Strategy and 2021 Goals ESG Strategy Focus Areas Delivering a cleaner energy future Best-in-class Health, Safety and Environmental (HSE) and Diversity, Equity and Inclusion (DEI) Culture Transparency, ethics and integrity in…
Track Record of Growing Gas Sales 2021 Guidance: 0 330(2) 190 MMcf/d with interruptible Sales (MMscfd) demand reactivating 0 0 153 MMcf/d without 153 - interruptible demand reactivating 0 190 171(1) Contracts: 0 fixed price…
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 Expected LNG higher future prices due to: transport & regas : (1) Production of US associated gas declines with lower oil production Normalization of demand from…
Canacols Financial Management 2021 Cash Flow Waterfall (USMM): High Sales Case (190 MMcf/d) Canacols Quarterly Dividend 210 30 Low Sales Case (153 MMcf/d) US 28MM per annum 40 25 5.6% yield (as of Jan 8, 2021) 165 140 Stable…
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) VIM33 Blocks 10 Net acres 1.5 MM SSJN7 VIM19 Prospective resources (Tcf)(1) VIM5 Un-risked 4.7 VIM21 VIM44 Risked 1.4 Prospects & Leads 162 Esperanza Track record(2)…
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.…
2021 Drilling 12 Wells All 100% Interest and Operated Largest exploration investment in Canacols history ongoing Block Well Well Type Milano-1 Exploration Fragata-1 Exploration Esperanza Canahuate-4 Development Nelson-9…
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…
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…
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…
Oboe-2 Development Well, VIM 5 OBOE-2 OBOE-1 A B Depth Structure Map Lower Attic Contours 50 Penetration Point Lwr-Attic: B Pre-existing wells Target OBOE-2 AVO event 500 M A Well objective: Target gas-charged CDO…
Appendix Financial Performance and Valuation 2020 Investor Presentation
Advisories This presentation is provided for informational purposes only as of January 2021, 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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