SLIDE 1
September 2017
Two gas projects to nearly triple gas production by Dec 2018(1)
(1) From 85 → 230 MMcf/d, or 2.7x
2
Forward Looking Statements
This presentation may include certain forward looking statements. All statements
- ther than statements of historical fact, included herein, including, without
limitation, statements regarding future plans and objectives of Canacol Energy
- Ltd. (“Canacol” or the “Corporation”), are forward‐looking statements that
involve various risks, assumptions, estimates, and uncertainties. These statements reflect the current internal projections, expectations or beliefs of Canacol and are based on information currently available to the Corporation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All of the forward looking statements contained in this presentation are qualified by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date this presentation is given and Canacol assumes no obligation to update or revise these statements. Barrels of Oil Equivalent Barrels of oil equivalent (boe) is calculated using the conversion factor of 5.7 Mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 5.7 Mcf:1 bbl (barrel) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Production and Reserves Production represents net before royalty Reserves represent 2P reserves and before tax NPV‐10 as of December 31, 2016 USD All dollar amounts are shown in US dollars, unless indicated otherwise
Ecuador 140 280 420 560 Km
- S. Pacific Ocean
Natural Gas
Colombia
20 blocks / 2.2 MM net acres
Light oil Light oil Shale oil Shale oil
2
Heavy oil Gas deficit