CALGARY, ALBERTA–(Marketwired – March 28, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide an update on the Mono Capuchino 1ST exploration well and the Corporation’s drilling program.

The Mono Capuchino 1 exploration well was spud on December 17, 2016, reaching a total depth of 10,023 feet measured depth (“ft. md”) before experiencing mechanical difficulties that required the well to be sidetracked. … Continue Reading

CALGARY, ALBERTA–(Marketwired – March 27, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to report its light, medium and heavy crude oil and conventional natural gas reserves and deemed volumes for the fiscal year end December 31, 2016. The Corporation engaged DeGolyer and MacNaughton Canada Limited (“DMCL”) to prepare independent reserves evaluations for its two primary conventional natural gas fields in Colombia and for its oil reserves in Colombia and deemed volumes in Ecuador. The DMCL evaluated reserves and deemed volumes represent 92% of the Corporation’s total reserves and deemed volumes on a Total Proved “1P” … Continue Reading

CALGARY, ALBERTA–(Marketwired – March 27, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to report its financial results for the year ended December 31, 2016. Dollar amounts are expressed in United States dollars, except as otherwise noted.

Charle Gamba, President and CEO of the Corporation, commented: “2016 saw the emergence of Canacol as a premier gas producer in Colombia. By April 2016, we had achieved our goal of 90 million standard cubic feet per day (“MMscfpd”) of gas production. As a result of the increased gas sales, our adjusted petroleum and natural gas revenues after royalties … Continue Reading

CALGARY, ALBERTA–(Marketwired – Feb. 16, 2017) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) is pleased to announce that it has entered into a credit agreement for US$ 265 million senior secured term loan with a syndicate of banks led by Credit Suisse as Sole Lead Arranger and Sole Bookrunner, and including Mandated Lead Arrangers Export Development Canada, Davivienda, Citibank and Managers Metrobank, Banco Internacional de Costa Rica (BICSA), Banco Latinoamericano de Comercio Exterior (Bladex), BHD International Bank and Bancaribe. Funding occurred earlier today.

The new credit agreement will replace the Corporation’s existing two facilities with BNP … Continue Reading

CALGARY, ALBERTA–(Marketwired – Dec. 19, 2016) – Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(BVC:CNEC)(OTCQX:CNNEF) is pleased to provide the following update for the Clarinete 3, Nelson 5, and Nelson 8 development gas development wells, and the Q1 2017 exploration drilling program.

Clarinete 3 Development Well

VIM 5 Exploration & Production (“E&P”) Contract

Lower Magdalena Basin

100% working interest

The Clarinete 3 development well was spud on November 3, 2016 and reached total depth of 9,280 feet measured depth (“ft. md”) on November 18, 2016. The Clarinete 3 well is located 1 kilometer (“km”) directly west of the Clarinete 2ST … Continue Reading