Adds 28 BCF of New 2P Gas Reserves to the Clarinete Gas Field with the Oboe-1 Appraisal Well
Provides Production and Operations Update: Average Cash Sales of 19,521 BOEPD for the Months of May and June 2016
Increases First Quarter Sales 20% to 11,220 BOEPD and Corporate Netback 9% to $23.90/BOE
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 llisted on the Toronto Stock Exchange, the Colombia Stock Exchange, and the U.S. OTCQX under ticker symbol CNE, CNE.C, and CNNEF, respectively.