Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Canacol Energy Ltd. Provides Production and Operations Update

2/10/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmtavndkvmtgyl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Canacol Energy Ltd. is pleased to provide the following update concerning its production and main drilling operations. Average net production before royalties for the period July 1 to September 30, 2014 was 13,256 barrels of oil equivalent per day ("boepd"), which consisted of 9,922 barrels of oil per day ("bopd") and 19 million standard cubic feet per day ("mmscfpd") (3,334 boepd) of gas. Production for the period July 1 to September 30, 2014, represents an increase of 9% from the previous quarter. The Corporation reiterates its net production guidance of between 13,000 and 14,000 boepd before royalties for calendar 2014.

Drilling Operations on the LLA23 and Esperanza Blocks

On its LLA23 block, the Corporation has completed the drilling of the Labrador 6 well and anticipates completing the drilling of the Tigro 3 well within one week. During the remainder of calendar 2014 the Corporation anticipates drilling two additional development wells and two exploration wells (Maltes 1 and the Pastor 1) subject to the approval of the Agencia Nacional de Hidrocarburos ("ANH"). On its Esperanza block, the Corporation has commenced the drilling of the Corozo 1 gas exploration well which spud on October 1, 2014. Upon the completion and testing of the Corozo 1 well the Corporation will mobilize the rig to drill the Canadonga 1 gas exploration well, which is anticipated to spud during late November 2014 subject to the approval of the ANH.

The Corporation will provide updates when relevant information becomes available.

Canacol is an exploration and production company with operations focused in Colombia and Ecuador. The Corporation's common stock trades on the Toronto Stock Exchange, the OTCQX in the United States of America, and the Colombia Stock Exchange under ticker symbol CNE, CNNEF, and CNE.C, respectively.

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur, including without limitation statements relating to estimated production rates from the Corporation's properties and intended work programs and associated timelines. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation cannot assure that actual results will be consistent with these forward looking statements. They are made as of the date hereof and are subject to change and the Corporation assumes no obligation to revise or update them to reflect new circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking statements. 

This article has been extracted from http://www.marketwatch.com/, please click on this link to read the article in full http://www.marketwatch.com/story/canacol-energy-ltd-provides-production-and-operations-update-2014-10-02-5173314

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdivmtuvmtyvntivmjuvnzkwl2n5ymvyigf0dgfja3muanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

UK threatened by serious cyber attacks every ...

2017-02-15 16:00:00 +0000

The security of the UK has been threatened by 188 serious cyber attacks in the last three months, a government security chief has said. National Cyber Security Centre (NCSC) Chief Executive Ciaran Martin told The Sunday Times that national security was put at risk by many of these attacks. Martin was speaking ahead of the official opening of the NCSC, which has been set up to protect critical services in the UK from such attacks and improve underlying i...

W1siziisijiwmtcvmdivmdgvmtavmzcvmzkvnjkyl0n5ymvyifnly3vyaxr5lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

British cyber security workforce rises 163%

2017-02-08 10:00:00 +0000

Data from the UK has shown that the cyber security workforce has grown considerably over the past five years. According to a new report from cyber skills promotion network Tech Partnership, there are now 58,000 more workers in this industry – a rise of 163 per cent. It shows the growing importance of these professionals, with firms across a vast range of industries turning to cyber security specialists to safeguard their data. To collate the report, the...