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

CALGARY, ALBERTA–(Marketwired – Aug. 10, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to report its financial and operating results for the three and six months ended June 30, 2017. Dollar amounts are expressed in United States dollars, except as otherwise noted.

Charle Gamba, President and CEO of the Corporation, commented: “During the second quarter of 2017, we made solid progress on all aspects related to our gas business in Colombia. This included 1) making two new gas discoveries at Canahuate-1 and Toronja-1 which tested 28 MMscfpd and 46 MMscfpd of gas respectively, 2) having our … Continue Reading

CALGARY, ALBERTA–(Marketwired – Aug. 9, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update concerning the Sabanas gas flowline project.

The Corporation announces that it has signed an agreement for the construction, operation and ownership of the 82 kilometer long Sabanas gas flowline from its Jobo gas plant to the connection point with the Promigas S.A. gas pipeline at Bremen. Pursuant to the agreement, the US $41 million Sabanas gas flowline project will be financed through a US $30.5 million investment by a group of private investors and a US $10.5 million … Continue Reading

CALGARY, ALBERTA–(Marketwired – Aug. 8, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) will announce its second quarter 2017 financial results after the market close on Thursday, August 10, 2017. Senior Management will hold a conference call to discuss results on Friday, August 11, 2017, at 10:30 a.m. ET.

The conference call may be accessed by dial in or via webcast:

All remarks made during the conference call will be current at the time of the call and … Continue Reading

CALGARY, ALBERTA–(Marketwired – July 12, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation“) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta on July 12, 2017 (the “Meeting“) holders of common shares of Canacol: (i) re-elected Charle Gamba, Michael Hibberd, Stuart Hensman, David Winter, Gregory D. Elliot, Francisco Diaz Salazar, Alberto Jose Sosa Schlageter and Oswaldo Cisneros to the Board of Directors; (ii) re-appointed Deloitte LLP, as Canacol’s auditors; (iii) approved the unallocated stock options under the stock option plan of the Corporation; and (iv) approved the new shareholder rights plan … Continue Reading

CALGARY, ALBERTA–(Marketwired – June 27, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update for the Toronja 1 exploration well, the Corporation’s eighth consecutive gas discovery in the Lower Magdalena Basin. The Corporation also announces the addition of a fourth gas exploration well, Gaitero 1, to its drilling program for 2017, and provides an update on its gas flowline project.

Mr. Mark Teare, Senior Vice President of Exploration at Canacol, commented “Toronja 1 marks another success in the new, high impact, shallow Porquero sandstone gas play that we tested last year with … Continue Reading

CALGARY, ALBERTA–(Marketwired – June 6, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following updates for the Toronja 1 and Pumara 1 exploration wells, the 40 million standard cubic feet per day (“MMscfpd”) gas pipeline project, and an update concerning its Ecuadorian operation.

The Toronja 1 exploration well was spud on May 28, 2017 and reached a total depth of 7,200 feet measured depth (“ft md”) in 6 days, representing … Continue Reading

CALGARY, ALBERTA–(Marketwired – May 10, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to report its financial and operating results for the three months ended March 31, 2017. Dollar amounts are expressed in United States dollars, except as otherwise noted.

“During the first quarter of 2017, Canacol achieved significant growth in realized contractual sales volumes to 18,043 boepd, a 61% increase over the same quarter in 2016,” commented Charle Gamba, President and CEO of Canacol. “Adjusted funds from operations for Q1 2017 increased 56% to $20.9 million compared to $13.5 million for the same quarter in … Continue Reading

CALGARY, ALBERTA–(Marketwired – May 3, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update for the Canahuate 1 exploration well, the Corporations seventh consecutive gas discovery in the Lower Magdalena Basin, and an update of its remaining gas exploration wells for 2017.

The Canahuate 1 exploration well was spud on March 24, 2017 and reached a total depth of 8,263 feet measured depth (“ft md”) in 13 days. The well … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 25, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce that it has purchased Pacific Exploration and Production’s (“PEP”) 50% operated interest in the SSJN7 Exploration and Production (“E&P”) Contract for a consideration of the assumption of contractual exploration obligations to the Agencia Nacional de Hidrocarburos (“ANH”), Colombia’s resource administrator. The agreement is subject to approval by the ANH, which the Corporation expects to receive within the next 3 to 6 months.

Charle Gamba, President and CEO of Canacol, commented, “The low cost acquisition of the SSJN7 block continues the consolidation … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 12, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update concerning its corporate guidance for 2017.

The Corporation announces that its 2017 capital budget is US$ 89 million, with forecast realized contractual oil and gas sales anticipated to average between 18,000 and 19,000 barrels of oil equivalent per day (“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.

Charle … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 11, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation“) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to report on the conventional natural gas prospective resources (resources other than reserves, ROTR) for its Esperanza, VIM-21, VIM-5, and VIM-19 exploration blocks in the Lower Magdalena valley basin of Colombia. Prospective resources are based on a new independent resources audit prepared by Gaffney, Cline & Associates (“GCA“), effective December 31, 2016 (the “GCA Report“).

Canacol Energy Ltd Gross Prospective Resources Summary