CALGARY, ALBERTA–(Marketwired – Aug. 14, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update for the Picoplata 1 well in Colombia.
Picoplata 1 Exploration Well
VMM3 Exploration and Exploitation (“E&P”) Additional Contract, Middle Magdalena Valley Basin
ConocoPhillips Colombia Ventures Ltd. 80% (ConocoPhillips Colombia or Operator), Canacol Energy Ltd. 20%
The Picoplata 1 well was spud on October 16, 2014 and reached a total depth of 16,406 feet measured depth on January 29th, 2015. The well was designed to test the petroleum potential of shales and limestones within the Cretaceous La Luna Formation, … Continue Reading