CANACOL: Información sobre C&C Energía y otra información.

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C&C Annual information form.

C&C Investor presentation.

Canacol’s land position in Colombia.

1. Increased Colombia gross acreage position by 15.4% (from 1.1mm to 1.3mm acres)

2. Increased Caguan-Putumayo gross acreage position by 20.8% (from 847k to 1mm acres)

3. Heavy oil blocks gross acreage as a percentage of total Canacol Colombia gross acreage (heavy + medium + light) drops from 74% to 64%.

4. Producing blocks as a % of total Canacol Colombia gross acreage drops from 2.2% to 1.9%.

Fuente: Canacol.

Budget Neutral

Canacol plans to farm-out COR-11 and COR-39 and receive cash equivalent to Andaquies and Coati capex requirements, so no change to Canacol’s capex budget of $141mm for calendar 2011.


Coati Block (E&P Contract)

Working Interest
C&C 60%

Canacol 40%

Duration phase II 12 months

Strong leads identified 1 specific prospect has been identified from 2D seismic with 2 additional strong structural leads

Drilling depth 10,500 ft

Dry hole/completion cost $11.6mm/well

Civil $1.3mm

Drill/case $8.2mm

Completion $2.1mm

Facility cost $1.2mm

Source: C&C Energia



Andaquies Block (E&P Contract)
Working Interest
C&C 54%

Canacol 36%
Empetrol 10%

Duration phase I 36 months

Strong leads identified 3

Seismic 228 sq km of 2d (cost $5.5mm)

Dry hole/completion cost $8.1mm/well

Civil $1.5mm

Drill/case $4.6mm

Completion $2.0mm

Facility cost $0.6mm


Source: C&C Energia