Summary

Anticipated strong growth in base production

2017 guidance between 18,000 and 19,000 boepd.

The Corporation forecasts realized contractual oil and gas sales of approximately 25,000 boepd in December 2017 upon completion of the new private pipeline connecting Canacol's gas processing facility at Jobo to the Promigas export line to Cartagena.

High-impact exploration portfolio that will continue to deliver growth

Canacol has built an exploration portfolio that exposes shareholders to 5 different basins in Colombia and Ecuador across 22 blocks or 3.7 million gross acres. Given Canacol's historical commercial exploration success record of 61%, the Corporation anticipates that the exploration portfolio will continue to deliver solid commercial success for many years to come, yielding continuing growth in production and cash flow.