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 planning to increase current gas sales from 90 MMscpf (~15,800 boepd) to 130 MMscfpd (~22,800 boepd) in December 2017, and to 230 MMscfpd (~40,400 boepd) in December 2018.
As of the December 2015 reserve reports, the Corporation had 14 MMbls of net 2P oil reserves plus deemed volumes and 65 MMboe of net 2P natural gas reserves. As of June 2016, the Corporation added 5 MMboe of net 2P natural gas reserves related to its Oboe natural gas discovery on the VIM 5 contract.
Canacol has built an exploration portfolio that exposes shareholders to 5 different basins in Colombia and Ecuador across 21 blocks or 3 million acres. Given Canacol's historical commercial exploration success record of 62%, the Corporation anticipates that the exploration portfolio will continue to deliver solid commercial success for many years to come, yielding continuing growth in production and cash flow.Please access the Gallery for photos of Canacol's assets in Colombia and Ecuador.