Fueling Colombia's
Clean Energy Transition

Overview of Colombian
Natural Gas Blocks

2P Reserves of 27.7 Bcf
Best Estimate Gross Prospective Resources (prospects) Unrisked 155.9 Bcf (Risked 31.4 Bcf)
Tested 7-11 MMcf/d through separate DST tests in 3 different zones with 48/64” choke on Aruchara-1
Q2-21: Re-entry of Istanbul-1 well
Q4-21: Complete pipeline connecting the field to national infrastructure

Best Estimate Contingent Resources of 37.0 Bcf
Best Estimate Prospective Resources (Prospects) Unrisked of 602.2 Bcf (Risked 182.4 Bcf) and Prospective Resources (Leads) of 459.0 Bcf
Binding offer for $27.7 million financing to construct & complete initial four-well drilling program:
Q3-21: Drilling and testing of Magico and Mago wells
Q4-21: Production tests through temporary facilities begins at Magico and Mago and design of permanent production facilities