(Energy Analytics Institute, 25.Jun.2022) â Energy briefs including Canacol Energy Ltd. providing details about its operations in Colombia as well as its value proposition in the South American country [PDF download]; and many emerging economies are currently faced with a perfect storm of soaring inflation, acute shortages of fuel and […]
Tag: Canacol
Canacol Energy Announces Dividend
(Canacol Energy, 20.Jun.2022) â Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) announced that it has declared a dividend of CAD$.052 per share, payable on 15 July 2022, to shareholders of record at the close of business on 30 June 2022. This dividend qualifies as an ‘eligible dividend’ for Canadian income tax […]
Canacol Energy’s Eyes Pola 1 Exploration Well in 3Q:22
(Canacol, 11.Apr.2022) â Canacol Energy Ltd. (TSX: CNE; OTCQX: CNNEF; BVC: âCNEC) reported on the conventional natural gas prospective resources (resources other than reserves) âfor its Pola-1 prospect on the VMM-45 exploration block located in the Middle Magdalena Valley (âMMVâ) basin of Colombia (the âAudited Areaâ). Boury Global Energy Consultants […]
Canacol Energy Provides Sales, Drilling Operations, and Share Buyback Update
(Canacol, 8.Feb.2022) â Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) provided the following information concerning its January 2022 natural gas sales, the Toronja 2 development well, near term drilling plans, and the Corporationâs normal course issuer bid. Gas sales averaged 170 MMscfpd for January 2022 Realized contractual natural gas sales (which […]
Canacol Energy Reveals Block Purchase Under Normal Course Issuer Bid
(Canacol, 28.Jan.2022) â Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) purchased 5,307,700 Common Shares for CAD$3.15 per share under its normal course issuer bid (the âNCIBâ), relying on the block purchase exemption under the NCIB rules. The purchase was made from an armâs length third party via the TSX Exchange. Canacolâs […]
Ecopetrol Launches Fields In âRonda Campos 2020â
(Energy Analytics Institute, 23.Sep.2020) â Colombiaâs state oil company Ecopetrol announced launch of âRonda Campos 2020â with nine fields with aim to contribute to reactivation of the South American countryâs oil sector as well as regional economies. The auction will take place in the fourth quarter of 2020. âThis round […]
Colombia Inks $2.7bn In Investment Commitments
(ANH, 20.Dec.2019) â With 31 exploration and production (E&P) contracts subscribed and investment commitments of more than $2,714 million in 2019, the government of Colombiaâs President Ivan Duque fulfills the country and continues the sector reactivation, according to Colombiaâs National Hydrocarbons Agency (ANH). In a long contract subscription day, held […]
Four Colombia fracking Projects Could Attract $5bn In Yearly Investments
(Reuters, 24.Sep.2019) â Four fracking pilot projects in Colombia could bring in $5 billion annually in investment once they are in the production phase, industry leaders said on Tuesday, as the country awaits regulation that will allow the projects to begin. The potential use of fracking in the Andean country […]
Canacol Energy: 42% FFO Jump, Poised To Grow Further
(Seeking Alpha, Vasily Zyryanov, 24.May.2019) â Canacol Energy, Toronto-listed and Colombia-focused natural gas producer, has recently presented its Q1 results and impressed investors with robust revenue and a 42% funds from operations increase. Importantly, that surge in cash flow and sales is just the very beginning of a much more […]
Pentanova Announces Farmout Agreement in Colombia
(PentaNova Energy Corp., 21.Jun.2018) â PentaNova Energy Corp. announced signing of the SN-9 Farm Out Agreement with Panacol Oil & Gas, a wholly owned subsidiary of LATAM Oil & Gas. âThe SN-9 block has all the hallmarks of being an exceptional core asset for PentaNova being adjacent to the prolific […]
Canacol Announces Timing of 2018 Shareholders Meeting
(Energy Analytics Institute, Ian Silverman, 26.May.2018) â Canacol Energy Ltd., the exploration and production company with operations focused in Colombia, announced its Annual General Meeting of Shareholders will be held on July 3, 2018, in Calgary, Canada. Canacol’s common stock trades on the Toronto Stock Exchange, the OTCQX in the […]
Canacol Mobilizes Rig to Drill Borojo 1 Well in Colombia
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) â Canacol Energy Ltd. announced it has mobilized a rig to drill the Borojo 1 exploration well. Located on the 100% operated Esperanza E&E contract, the Borojo 1 well will target gas-bearing reservoirs located in the Cienaga de Oro sandstones, announced Canacol in a […]
Canacol Reports 3rd Colombian Gas Discovery at Breva 1
(Energy Analytics Institute, Jared Yamin, 24.May.2018) â Canacol Energy Ltd. announced results of the Breva 1 natural gas exploration well located on its 100% operated VIM 21 block in the Lower Magdalena Valley Basin of Colombia. The Breva 1 exploration well is located approximately 1.5 kilometers north of the Toronja […]
Canacol Looks to Divest Non-Core Assets in Colombia
(Canacol Energy Ltd., 16.May.2018) â Canacol Energy Ltd. announced plans to divest of non-core Colombian conventional oil assets, among other management objectives for 2018. These objectives include: 1) sell an average of 114 to 129 MMscfpd of gas and 1,700 bopd (âbarrels of oil per dayâ), 2) execute the necessary […]
Canacol Energy Ltd. Reports 24% Increase in 1Q:18 Revenues
(Canacol Energy Ltd., 15.May.2018) â Canacol Energy Ltd. reported its financial and operating results for the three months ended March 31, 2018. âThe first quarter of 2018 was an important milestone for Canacol, as it represents the first full quarter where the Corporation had access to the newly completed Sabanas […]