Canacol Energy Ltd.

Canacol Energy Ltd. is pleased to report its conventional natural gas, light, medium, and heavy crude oil reserves, and deemed volumes for the fiscal year end December 31, 2024. The Corporation's conventional natural gas reserves are located in the Lower Magdalena Valley basin, Colombia. Canacol has light and medium crude oil reserves located in the Middle Magdalena Valley basin, Colombia and light, medium, and heavy [...]

Canacol Energy Ltd. will announce its fourth quarter and fiscal year 2024 financial results on Thursday, March 20, 2025, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, March 21, 2025, at 8:00 a.m. MT / 10:00 a.m. ET. The conference call may be accessed by dial in or via webcast: Pre-register for the Conference Call: https://dpregister.com/sreg/10197513/fea2c78067 Dial [...]

Canacol Energy Ltd. is pleased to provide the following update concerning its 2024 unaudited financial and operating results, current drilling activities and results, and recent activity in Bolivia. 2024 Financial Highlights Q4 2024E Annual 2024E 2024 Guidance Realized contractual oil and gas sales 163 165 160 to 177 EBITDAX 78 298 250 to 290 Cash capex 29 123 138 to 151 Leverage ratio 2.3x 2.3x 2.4x to 2.8x The [...]

Canacol Energy Ltd. is pleased to provide the following update concerning its ongoing exploration and development drilling programs. Pibe-1 Exploration Well The Pibe-1 exploration well was spud on November 23, 2024, and reached a total depth of 11,000 feet measured depth . The well is located approximately 4 kilometers to the north of the recent Chontaduro-1 discovery. The well encountered 1,044 feet true vertical depth [...]

Canacol Energy Ltd. is pleased to provide the following update concerning its ongoing exploration and development drilling programs. Kite-1 Exploration Well The Kite-1 exploration well was spud on November 7, 2024 and reached a total depth of 9,316 feet measured depth . The well is located midway between the producing Palmer and Pomelo gas fields. The well encountered 102 feet true vertical depth of gross gas column [...]

Canacol Energy Ltd. is pleased to report its financial and operating results for the three and nine months ended September 30, 2024. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices where indicated and otherwise noted. Highlights for the three and nine months ended September 30, 2024 Adjusted EBITDAX increased 38% and 20% to $85.8 million and $220.1 million for the [...]

Canacol Energy Ltd. will announce its third quarter 2024 financial results on Thursday, November 7, 2024, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, November 8, 2024, at 8:00 a.m. MT / 10:00 a.m. ET. The conference call may be accessed by dial in or via webcast: Pre-register for the Conference Call: https://dpregister.com/sreg/10194106/fdd9255e96 Dial In Toll [...]

Canacol Energy Ltd. announces that it has revised its 2024 capital program, comments on 2024 guidance and provides drilling update. Revised 2024 Capital Program The Corporation has revised its capital program to now drill a total of 11 wells in 2024, with an estimated capital spend of $138 million. The 11-well program includes five exploration wells, and six development/appraisal wells. Canacol's original 2024 capital [...]

Canacol Energy Ltd. is pleased to announce that, on September 3, 2024, it entered into a committed 24 month US $75 million senior secured term loan facility with Macquarie Group . The initial draw on funding is expected to be US $50 million, with a further commitment of US $25 million available for a twelve month period should certain production metrics be met. The Facility bears an annual interest rate of SOFR + 8.0% on [...]

Canacol Energy Ltd. is pleased to report its financial and operating results for the three and six months ended June 30, 2024. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices where indicated and otherwise noted. Highlights for the three and six months ended June 30, 2024 Adjusted funds from operations increased 70% and 50% to $57.1 million and $99.3 million for the [...]