Creating A Latin America Oil & Gas Leader

Mark Teare, Founding Vice President of Exploration, Canacol Energy

At Pressures on Producers, Explorers and the State in Emerging... 28 June 2016
View the Slides > Watch the Talk >

Speaker’s Biography

Mark is founding Vice President of Exploration for Canacol Energy Ltd. Over his professional life, Mark has attracted over US$ 2.0 billion in capital to his E&P projects. Since joining Canacol in early 2009, he has made 16 discoveries in Colombia and Ecuador and created over US$ 1.3 billion in value. While at Canacol, Mark has drilled over 80 exploration and development wells and delivered an 87% success rate. As a result, Canacol’s 2P reserves have increased from 2 to 100 MMboe including produced barrels under Mark’s leadership, representing a 63% compound annual growth rate (CAGR). This 2P reserve base currently sustains 20,000 boepd production, and generates $135 MM EBITDA annually. Furthermore, Mark has built a large and diverse exploration portfolio that exposes Canacol’s investors to over 1 billion barrels of unrisked oil and gas prospective resource potential. He holds a M.Sc. degree in Geology.

Need to know

Canacol Energy Ltd. is a leading oil & gas exploration and production company in Colombia. Our strategy is built on management’s deep expertise in Colombian basins. Where others see only risk, Canacol has the expertise to see the potential opportunity, the ability to capitalize on it and the agility to act quickly. The Corporation is listed on the Toronto Stock Exchange, the Colombia Stock Exchange, and the U.S. OTCQX under ticker symbol CNE, CNE.C, and CNNEF, respectively.