Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Management Sustainability Financial Strength & Discipline Growing reserves, production, and cash flow Supplying growing demand for…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 171.3 Share Price (C) 2 3.35 Market Cap CAD574MM - (USMM) 2, 3 453 Net Debt (USMM) 4 371 Enterprise Value (USMM) 825 Quarterly Dividend (C/sh) 0.052…
Canacols Unique Value Proposition in Colombia Highlights Natural Gas Supply in Colombia(1) 1400 30% (in mmscfd) 1 Largest independent natural gas producer 1200 1,066 1,058 1,071 1,044 1,091 25% 1000 984 20% Only pure…
Natural Gas Will Lead The Energy Transition In Colombia Climate Change: Colombia plans to use more gas to meet its Paris Energy Demand Projections (PJ)1 2,000 Agreement CO2 Emission Target: 51% by 2030 Gas produces 50% less CO2…
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. 70% Realized Gas Price History (US/Mcf)1…
2022 Plan CAPEX Gas Sales 172 - 209 million1 160 200 MMscfpd Drill up to 12 wells High Case: 209 MM Including up to 8 exploration wells Targeting 200% RRR1 Low Case: 172 MM Seismic Acquisition Acquire 470 km2 of 3D seismic…
Financial Flexibility1 Debt Profile: Revolving Credit Facility: 46 million Senior Notes: 500 million 3 Year Term, Undrawn Maturity: Nov 2028, Interest Rate: LIBOR + 4.75% on drawn amounts Interest Rate: 5.75% 1.425% on undrawn…
Diversifying and Growing Canacols Gas Market Jobo-Medellin Pipeline Coastal Market Interior Market - Canacol has grown to supply 50% of the coastal gas - Larger market (60% of Colombias Natural Gas Demand) - lots of room market,…
Jobo-Medelln pipeline will connect Canacols gas fields to the interior sales market of Colombia Existing Pipeline Network Fees Prevent Canacol From Supplying the Interior Market: - Transport fees Caribbean to Interior: 5.3-6.6…
Positioned for Growth Continue Utilizing Best-in-Class Technology and Large resource base Expertise to De-Risk Large Resource Potential Land (Gas) Blocks 11 Net acres 1.8 MM Prospective resources (Tcf)(1) Un-risked 5.7 Risked 1.7…
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.…
2022 Drilling Activity Targeting large conventional natural gas prospective resources near existing infrastructure Up to 12 wells Wells Block Type Toronja-1 VIM 21 Development Carambolo-1 VIM 21 Exploration Arandala-3 VIM 21…
Middle Magdalena Valley Basin Overview Middle Magdalena Basin Long history of oil and gas production from multiple reservoirs, in particular shallow oil. VMM45 POLA-1 The basin contains a thick interval of Cretaceous- aged rocks.…
Canacols ESG Strategy: progressing towards net zero & sustainable development ESG Performance - Ratings ESG Initiatives for 2022 We recognize the value of monitoring, evaluation and learning in ESG ratings year on year Announce…
Supporting Colombias Transition A Clean Energy Future Energy Intensity (kwh/BOE) Direct Emissions Intensity (kg CO2 eq / BOE) Water Consumption Intensity Scope 1 & 2 (l/kboe) 31.1% 19.3% 28.6% 13.3% Energy Matrix GHG…
We are the future, we are energy A transparent & Ethical Business A culture guided by sustainable development 5 Board Committees Includes new ESG Committee Communities: 57 projects benefiting 60,000 px Bringing gas to communities…
Supporting Colombias Transition Canacol Beats its Peer Group in GHG Intensity Per Unit of Production1 Canacol is a leader in GHG emissions intensity in oil and gas 80 Canacol industry standards 70 USA Gas 60 Carbon Intensity…
Appendix Upcoming/Ongoing Drilling Activity
Carambolo-1 Exploration Well, VIM21 Contract CARAMBOLO-1 A B Mid Porquero Depth Structure TABLON-7 Mid Miocene Unconformity B CORAL-12 Mid Porquero CARAMBOLO-1 Cienaga de Oro A 1 km PENETRATION POINT AVO…
Advisories This presentation is provided for informational purposes only as of February 2022, 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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