Acquisitions

Since inception in 2008 the Corporation has created over US $1.3 billion in value from the drill-bit and via strategic acquisitions. Canacol has made 18 oil and gas discoveries and has achieved 96% success in developing these discoveries.

Over the same period, the Corporation has produced approximately 18 million net barrels of oil and 45 billion cubic feet of natural gas. The Corpoation increased 2P natural gas reserves from 17 to 72 MMboe, representing a CAGR of 44%. Pre-tax NPV-10 multiplied from US $199 million to US $1.3 billion.

Acquisition Date Purchase price
$ in MM
Pre-tax NPV-10
$ in MM
Rancho Hermoso Oct '08 $18 $163(1)
Carrao Energy Nov '11 $59 $170(2)
Shona Energy Dec '12 $111 $724(3)
OGX-Colombia Dec '14 $30 $443(3)
SSJN-7 E&P contract-Colombia Apr '17

(1)     As of June 2011 reserve report

(2)     As of December 2014 reserve report

(3)     As of December 2016 reserve report