Canacol Energy Ltd updates on drilling programs, encountering gross gas column in exploration well

From GlobeNewswire: 2024-12-20 07:00:00

Canacol Energy Ltd. provides an update on its exploration and development drilling programs. The Pibe-1 exploration well encountered 1,044 feet true vertical depth of gross gas column in the Cienaga de Oro sandstone reservoir. The well is currently flowing at a rate of 5.5 MMscfpd. The Natilla-2 exploration well is targeting natural gas prospects and is currently in operation.

The Corporation has spud the Pibe-2 appraisal well and anticipates results within 3 weeks. Additionally, the Clarinete-11 development well will be spudded within the next 2 days. Canacol is a natural gas exploration and production company with operations focused in Colombia. The Corporation’s common stock trades on the Toronto Stock Exchange, the OTCQX, and the Colombia Stock Exchange.



Read more at GlobeNewswire: Canacol Energy Ltd Provides Drilling Update