Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Financial Strength & Sustainability Management Discipline Growing reserves, production, and cash Supplying growing demand for clean- Strong…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 170.9 Share Price (C) 2 2.52 Market Cap CAD431MM - (USMM) 2, 3 336 Net Debt (USMM) 4 429 Enterprise Value (USMM) 765 Quarterly Dividend (C/sh) 0.052…
Canacols Unique Value Proposition in Colombia Highlights Natural Gas Supply in Colombia(1, 4) 1400 (in mmscfd) 30% 1 Largest independent natural gas producer 1200 1,071 1,091 1,066 1,058 1,044 25% 1000 984 20% 2 Only…
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. Realized Gas Price History (US/Mcf)1 70% Volatility…
2022 Plan CAPEX 172MM Gas Sales Capex 172 - 209 million1 160 200 MMscfpd US172 - 209 MM Drill up to 12 wells Including up to 8 exploration wells Targeting 200% RRR1 Seismic Acquisition Acquire 470 km2 of 3D seismic Facilities…
Financial Flexibility1 Debt Profile: Revolving Credit Facility: 46 million 3 Year Term, Undrawn Senior Notes: 500 million Interest Rate: LIBOR + 4.75% on drawn amounts Maturity: Nov 2028, 1.425% on undrawn amounts Interest Rate:…
Diversifying and Growing Canacols Gas Market Jobo-Medellin Pipeline Coastal Market Interior Market - Larger market (60% of Colombias Natural Gas Demand) - lots of - Canacol has grown to supply 50% of the coastal gas room to grow…
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 US/Mcf…
Positioned for Growth Continue Utilizing Best-in-Class Technology and Expertise to De-Risk Large Resource Potential Large resource base Land (Gas): Mean Prospective Resources: Blocks: 11 Un-risked: 20.5 TCF Net Acres: 1.8MM Risked:…
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. Carambolo-1 67 ft. Datil-1 Breva-1 29 ft.…
Middle Magdalena Valley Basin Overview Middle Magdalena Basin Long history of oil and gas production from multiple VMM45 POLA-1 reservoirs, in particular shallow oil. The basin contains a thick interval of Cretaceous- aged rocks.…
2022 Drilling Activity Targeting large conventional natural gas prospective resources near existing infrastructure with up to 12 wells Incl. up to 8 exploration wells Completed Wells: Wells Block Type Result Toronja-2 VIM 21…
Canacols First Gas Exploration Well in the Middle Magdalena Basin Pola-1 Exploration Well, VMM45 Contract Test the potential of a new deep conventional natural gas play within a Cretaceous Formation Up to 3,300 ft of marine…
Our ESG Strategy: Progressing Towards Net Zero & Sustainable Development ESG Initiatives for 2022 ESG Performance - Ratings We recognize the value of monitoring, evaluation and learning in ESG ratings year on year Announce carbon…
Our Progress Towards ESG Excellence Key Highlights Canacol is committed to explore and produce the natural gas needed to improve the quality of life for millions of Colombians in a safe, efficient, and cost-effective way A cleaner…
Our Progress Towards ESG Excellence Key Highlights A society guided by sustainable A transparent and ethical business development Stakeholder, community and employee engagement 75% Independent directors Robust codes & policies…
Supporting Colombias Transition Canacol Beats its Peer Group in GHG Intensity Canacol is a leader in GHG emissions intensity in Per Unit of Production1 oil and gas industry standards 80 2,000 Direct and Indirect GHG emissions per…
Valuation Not Reflecting Business Strengths Or Growth Potential 2023E EBITDA Margin 90% CNE, 71% 60% 30% 0% 15.0x 2023E EV/EBITDA 10.0x 5.0x CNE, 3.2x 0.0x 1. Source: FACTSET consensus data, as of May 30, 2022.…
Advisories This presentation is provided for informational purposes only as of July 2022, is not complete and may not contain certain material information about Canacol Energy Ltd. (Canacol or the Company), including important disclosures…
Advisories Oil and Gas Information Barrels of oil equivalent (boe) and thousands of cubic feet equivalent (MCFe) Boe and MCFe may be misleading, particularly if used in isolation. A boe or MCFe conversion ratio of cubic feet of natural…
Advisories Natural gas recycle ratio is calculated by dividing natural gas netback by finding and development costs. 2P Recycle ratio of 1.8x for the year ended December 31, 2021 (calculated based on the natural gas netback of US 3.40…
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