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Canacol Energy Ltd
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April 2024 Corporate Presentation
| Charle Gamba | Page 3 of 11 |
April 30, 2024
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"April 2024 Corporate Presentation"
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2023 Investor Presentation 3 Canacol’s Strategy: Focused on 3 Natural Gas Growth Avenues Colombia 1. Lower Magdalena Valley Basin • Proven track record in positioning as the largest gas supplier on the Caribbean Coast • Going forward: maintain or grow gas sales in the Caribbean Coastal Market targeting use of up to 270 mmscfd of existing transportation infrastructure 2. Middle Magdalena Valley Basin • Oldest producing oil & gas basin in Colombia with 2.3 billion barrels of oil equivalent historic oil & gas production • Success will result in a new core area for the Corporation • Any discovery can be quickly commercialized into the interior market via existing infrastructure Bolivia 3. Sub-Andean Basin • Second largest gas exporter in South America: 65% of gas production exported to Brazil & Argentina • Existing export pipelines now with ~35% spare capacity • High gas export prices (~US$10-15/mmscfd) • Low risk mature gas field redevelopments & significant gas exploration potential