Chirimia

Canacol Energy Ltd. Provides Sales, Operations, and Medellin Pipeline Update

Retrieved on: 
Friday, May 6, 2022
Forward-looking statement, Alboka, TD, Negotiation, Ciénega, GLOBE, Government, CNE, Porosity, Contract, Corporation, CDO, Chirimia, Toronto Stock Exchange, Risk, VIM, Colombia Stock Exchange, TSX, OTCQX, Transport, PINE, Empresas Públicas de Medellín, Oil

CALGARY, Alberta, May 06, 2022 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following information concerning its April 2022 natural gas sales, near term drilling plans, and its Medellin gas pipeline project.

Key Points: 
  • CALGARY, Alberta, May 06, 2022 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following information concerning its April 2022 natural gas sales, near term drilling plans, and its Medellin gas pipeline project.
  • The drilling rig has just spud the Alboka 1 exploration well located on the VIM 5 Exploration and Production (E&P) contract.
  • The Corporation has received binding offers from four different international pipeline construction consortiums which are currently under evaluation.
  • Realized contractual gas sales is defined as gas produced and sold plus gas revenues received from nominated take or pay contracts.

Canacol Energy Ltd. Provides Sales, Drilling Operations, and Share Buyback Update

Retrieved on: 
Tuesday, March 8, 2022
TSX, Corporation, GLOBE, Colombia Stock Exchange, 3D, Forward-looking statement, Risk, OTCQX, Negotiation, Indian stock exchange, CNE, CDO, AVO, Ciénega, Toronto Stock Exchange, Natural gas, Chirimia, CAD, Oil

The rig is currently mobilizing to drill the Chirimia 1 sidetrack with the objective of reestablishing gas production from the Cienaga de Oro ("CDO") sandstone reservoir.

Key Points: 
  • The rig is currently mobilizing to drill the Chirimia 1 sidetrack with the objective of reestablishing gas production from the Cienaga de Oro ("CDO") sandstone reservoir.
  • Chirimia 1 was drilled in 2018, and subsequently experienced mechanical issues which have prevented the well from being produced since 2019.
  • Upon completion of the Chirimia 1 sidetrack the rig will mobilize to drill the Cornamusa 1 exploration well.
  • Realized contractual gas sales is defined as gas produced and sold plus gas revenues received from nominated take or pay contracts.