Portfolio 5 basins / 6 fields + 2 recent discoveries(1) Calendar 13e exit 12,200 boepd(2) Enterprise value US 709 mm 2P reserves + DV 35 mmboe / US 686 mm(3) Long reserve life 12 years Portfolio 26 blocks / 3 mm net acres…
3 Leono 1. Rancho Hermoso field, 08 present LLA 23 Drilled 13 wells 100% success Peak production 35,000 gross bopd Colombias 8th largest oil producing field in 11(1) Planned activities Workovers 18 for 18 on trend 2. Labrador…
Leono 2P reserves 4 mmbls / 164 mm(1) 4 reservoirs 133 ft of net pay Tested A-1 ST 1,466 net bopd Barco 1,490 net bopd Lab Lab-2 1,294 Gacheta 1,495 Lab-3 1,168 Next steps Drill 4 appraisal wells Lab-5 622 Leono-3…
Purchased in Dec 12 111 mm 80% discount to 1P 37k/boepd 2P reserves 16.7 mmboe(1) Current production 3,022 boepd(2) Canaflecha field Exploration upside 200 bcf(3) Arianna field Katana field Contento Jobo station Solid 10-yr gas…
Santa Isabel Area 8.2 mm acres VMM 2 Colorado Shallow conventional Exploration wells 300 Adjacent shallow VMM oil producing Mugrosa First production 1921 3 blocks Oil fields 60 Conventional Colombias oil production 14% of total…
MA-1 Gross / net acres 76k / 30k Operator Vetra E&P Adjacent shallow 3D seismic 86 km2 oil producing blocks Jan 13 discovery Mono Araa-1 Net oil pay Shallow Lisama 85 ft 5 Deep La Luna 230 ft Mono Araa-1 Executed 3…
Santa Isabel OP-1 MA-1 Gross / net acres 102k / 30k 3D seismic 60 km2 Aug 13 shallow discovery Oso Pardo-1 Adjacent shallow OP-1 1 oil producing Net oil pay blocks Lisama 60 ft 2 Umir 28 ft Test results Reservoir Interval ft…
World-class source rocks Long-life reserves Santa Isabel VMM 2 600 mm in capital commitments by the super-majors VMM 3 Large opportunity to enrich Colombia(1) 1.5 mm prospective acres 79 b barrels UPIIP / 135 tcf…
SHALE OIL 3 1 19 wells 122 mm carry value (1,600/acre avg.) 2 5 blocks / 253k net acres WI Net acres Terms UPIIP(2) 1 VMM 2 20% 15k 3 wells/12 mm 1.1b 2 VMM 3 20% 17k 3 wells/18 mm 0.7b 3 Santa Isabel 30% 30k 13 wells/92 mm 1.1b…
Rosablanca Buturama 1-4 Catalina-1 (verticals) (horizontal by Harken, 97) Produced 500k+ bbls Tested 7,820 bopd La Luna is the primary La Luna source rock to Olivo-1 Santa Isabel (horizontal by Harken, 98) Venezuelas Maracaibo 3…
Santa ROSA Isabel OP-1 ROSA + VMM 2 LUNA Upcoming conventional production test of thick, tectonically-induced fractured shale MA-1 re-entry LUNA Expansive volume of unfractured shale VMM 3 best suited for frac-induced…
Deep pursuit Gross / net acres 76k / 30k MA-1 re-entry to test La Luna top Operator Exxon 3D seismic 86 km2 Significant overpressure representing hydrocarbon-generative Jan 13 discovery Mono Araa-1 and potentially productive shale…
ROSA VMM 2 History never repeats, but often rhymes ROSA + Totumal-1ST LUNA Mono Araa-1 Mono Araa-1, 13 Totumal-1ST, 53 LUNA Flow tested: 1,102 bopd 25.1API 0.1% BSW 800k bbls cum. 16
Producing 30 years / 130 wells Partners Tecpetrol, Schlumberger, 18,000 Current 17,073 bopd gross 5,255 net incremental Sertecpet 16,000 JV company interest 25% Terms Incremental oil + exploration 14,000 Incremental 16e peak 10,000…
Participated in Capella heavy oil discovery (1.8 billion barrels)(1) Portofino Wells drilled Capella PUT 17 Drilled 31 wells at Capella Shot 900km of 2D seismic Secured 1mm potential net acres around Capella 33/acre (avg.) Land…
TSX (CNE) and BVC (CNEC) In mm Shares outstanding 86.6 Team with 60-yr combined operating history Dilutive securities 3.5 (1) in focus countries (Colombia and Ecuador) 90.1 USD in mm Market capitalization 611.9 (2) Net debt +…
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