Investors

Investment Highlights:

De-Risked High-Quality
Asset Base

Tested* 7-11 MMcf/d in July with 48/64” choke on Aruchara-1 at Maria Conchita
with Instanbul-1 re-entry scheduled for March 2021
25.9 Bcf 2P net (34,6 Bcf 2P Gross) undeveloped reserves at Maria Conchita
High expectation at SINU-9 providing significant upside with binding offer for $27.7 million financing package to construct and complete 4 wells

Highly Experienced
Management Team

Extensive prior experience operating in Colombia and South America
Current executives at Gran Colombia Gold and former executives of Pacific Rubiales and PDVSA

Proximity of
Infrastructure

Construction underway on 14 km pipeline from Maria Conchita to TGI Main Pipeline providing access to the Colombian natural gas market
SINU-9 adjacent to Canacol production is only 25km away from existing infrastructure

Strong Pricing with Long Term
Take or Pay Contracts

High natural gas prices due to declining supply in Colombia
State-owned utilities provide high quality, creditworthy counterparties for offtake agreements
Advanced negotiations to lock in fixed pricing of ~US$5.00/Mcf for 10+ years

Share Info

105.4M

Issued & Outstanding

7.8M

Options

23.7M

Warrants

136.9M

Fully Diluted

34.1%

Insider Ownership

daily
weekly
monthly

Analyst Coverage

ANALYST

Kirk Wilson

FIRM

Beacon Securities

PHONE

+1 (403) 819.5280

EMAIL

kwilson@beaconsecurities.ca

Financials

Please find all of our financials on Sedar.

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