Uso Interno Corporate Presentation May 2025 Investor Presentation l 1
Uso Interno Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM)1 34.1 Share Price (C)2 2.9 2, 3 Market Cap CAD 99MM - (US MM) 71 Net Debt (US MM)4 742 Enterprise Value (US MM) 813 Gas Equivalent…
Uso Interno Strategic Focus: Three Key Natural Gas Growth Avenues Colombia 1. Lower Magdalena: Proven Basin with Ongoing Growth Potential Demonstrated success achieving market leadership: 50% domestic gas supply Unlocking new…
Uso Interno Colombias Natural Gas Market Investor Presentation l 4
Uso Interno Natural Gas Will Lead The Energy Transition in Colombia Energy Demand Projections 1 Climate Change (PJ) Colombia plans to use more gas to meet its Paris Agreement CO2 Emission Target: 51% by 2030 16% 17% 17% 17% 18% 21%…
Uso Interno Supporting Colombias Energy Needs: Addressing the Domestic Gas Gap Colombia Gas Supply / Demand2 Highlights 1400 (MMscfd) 30% Colombias Natural Gas Dynamics 1,127 1200 1,012 1,029 1,015 1,023 1,073 25% Domestic proved…
Uso Interno Rising Domestic Natural Gas Prices Realized Gas Price History Unreliable and Costly Alternatives to Domestic Natural Gas (US/Mcf)1,2,3 16 64 LNG Imports Offshore Projects 14 32 High Import Costs: LNG requires…
Uso Interno Our Strong Track-Record Natural Gas in Colombia Investor Presentation l 8
Uso Interno Canacols Strong Track Record Natural Gas Sales Since 2013: (MMscfd) 985 bcf 2P Natural Gas Discovered CAGR: 22 % 181 182 178 172 481 bcf 142 157 Natural Gas Produced 113 70 81 20 21 89 Wells Drilled 16 Track…
Uso Interno Reserves Additions: A Ten-Year Overview 1P Reserves Additions(Bcfe) 2013 - 2024 372.7 0.0 0.0 Reserves Growth Backed by -1.3 Natural Gas Discoveries 2013 - 2024 255.0 254.1 -480.6 +7% CAGR in PDP natural gas…
Uso Interno Zoom to Our Reserves Canacol Reserves (Bcfe) 2024 Canacol Reserves Highlights 1,121 2024 254 Bcfe, with an after tax NPV10 of US 1.1 billion CAD 45.8/share of reserve value 599 1P CAD 15.5/share of NAV 254 Reserve…
Uso Interno Strong Track Record Natural Gas Netback (US /Mcf) Natural Gas Operating Margin (%) 6.5 6.0 80% 5.5 60% 5.0 4.5 40% 4.0 20% 3.5 3.0 0% Q1/19 Q1/20 Q1/21 Q1/22 Q1/23 Q1/24 Q1/25 Q1/19 Q1/20 Q1/21 Q1/22 Q1/23…
Uso Interno Strong Operational Performance and Competitive Position Top-tier netbacks margins, fueling profitability and reinforcing our strong competitive position in the industry 100% 90% 80% 70% 60% 50% 40% 30%…
Uso Interno Our 2025 Plan Investor Presentation l 14
Uso Interno 2025 Plan CAPEX Natural Gas & Oil Sales Guidance US143-160 MM 146 159 MMscfepd 180 160 MM Natural Gas Sales Guidance: 160 143 MM 140 153 mmscfd 16 Avg price: 7.33 - 7.65 /Mcf 140 16 120 Admin, ESG, & Other Firm…
Uso Interno Glimpse on Financial Performance Assets Profile Cash and equivalents Exploration & Evaluation Assets: 154 MM1 Reserves NPV-10 (after tax)2 Reserve Life Index2 79 MM Property, Plant & Equipment: 705 MM1 1P: 1,084 MM 1P:…
Uso Interno Our Exploration Opportunities Lower & Middle Magdalena Valley Colombia Investor Presentation l 17
Uso Interno Positioned for Growth Large resource base Continue Utilizing Best-in-Class Technology and Expertise to De-Risk Large Resource Potential Land (Gas): Mean Prospective Resources: Blocks: 11 Un-risked: 20.5 TCF Gross / Net…
Uso Interno 2025 Drilling Program: Unlocking growth in Core Gas Assets 11 Exploration Wells & 3 Development Wells High Impact Exploration: Lower Magdalena Valley : Natilla-2: (drilling) o Encountered significant indications of…
Uso Interno Middle Magdalena Valley Basin Overview Proven Hydrocarbon Basin Long history of oil and gas production from multiple reservoirs Oil: 1.9 B barrels discovered1 Gas: 2.5 TCF discovered1 Reservoir Quality Cretaceous…
Uso Interno Significant Resource Opportunities in our Middle Magdalena Portfolio Exploring the Middle Magdalena Valley Basin Canacol Prospective Acreage In three successive Bid Rounds, CNE acquired: 5 blocks 610,981 acres 100%…
Uso Interno Our Strategic Entrance to Bolivia Investor Presentation l 22
Uso Interno Why Bolivia A Strategic Move into a High-Potential Market Benign Operating Environment (Despite political disputes): Growing & stable economy1: 10-yr GDP growth rate: 4.7% 10-yr Inflation rate: 2.9% Unemployment 3.5%…
Uso Interno Why Bolivia Second Largest Gas Exporter in South America Declining gas production in Bolivia Attractive Gas Export Opportunities (in mmscfd)1 2167 Since 2015 continuous declining gas production in Bolivia 1992 1940…
Uso Interno Sub-Andean Basin: Significant Gas Potential with Ready Export Pathways Sub-Andean Basin (Foothills & Plain) 100% of current gas production in Bolivia Gas exports in 2023:1 800 MMscfpd Main players: Repsol, PBR, Total,…
Uso Interno Sub-Andean Basin: Large Growth Potential Secured Canacols Opportunity in the Sub-Andean Basin 4 E&P contracts signed with YPFB (Florida Este, Arenales, Ovai and Tita-Techi) Strategically located along the main gas…
Uso Interno In Summary Our Leaders: Proven Success in Colombia: Charle Gamba, President and Chief Executive Officer From discovering gas to leading independent gas producer Founder in 2008. With 29 years of global experience, has…
Uso Interno Our ESG Strategy & Performance Investor Presentation l 28
Uso Interno Our ESG Strategy: Progressing Towards Net Zero & Sustainable Development ESG Performance - Ratings 2024 score: 2024 score: 2024 score: A 24,4 75 We recognize continuous monitoring 2023 Score: A 2023 Score: 23,7 2023…
Uso Interno Supporting Colombias Energy Transition A Cleaner Energy Future Canacol is a leader in GHG emissions intensity in oil and gas industry standards 2023: GHG emissions at least 75% & 45% lower than O&G peers, respectively…
Uso Interno Our Progress Towards ESG Excellence 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 Cleaner…
Uso Interno Advisories Investor Presentation l 32
Uso Interno Advisories This presentation is provided for informational purposes only as of Sept 2024, is not complete and may not contain certain material information about Canacol Energy Ltd. (Canacol or the Company), including…
Uso Interno 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…
Uso Interno Investor Relations Global Carolina Orozco VP Investor Relations & Communications +1.403.561.1648 ir-globalcanacolenergy.com Latin America Mauricio Hernndez Investor Relations Manager +57.1.621.1747…
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