Enters Into US $265 Million Senior Secured Term Loan To Replace Existing Credit Agreement
Tests Combined Rate of 31 MMSCFPD (5,439 BOEPD) from 2 Gas Development Wells and Spuds Mono Capuchino 1 Light Oil Exploration Well In Colombia
Negotiates New Gas Sales Contracts, Initiates Private Gas Pipeline, and Forecasts 130 MMSCFPD of Gas Production Exiting 2017 and 230 MMSCFPD of Gas Production Exiting 2018
Canacol Energy Ltd. is a leading natural gas & oil 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.