Canacol Energy - Q2 results in line
Canacol Energy released its Q223 results on 10 August, which were in line with our full year expectations. Adjusted Q2 EBITDAX increased to US$60.7m, which represents a 10% increase year on year. This was driven primarily by a rise in netbacks, which increased to US$3.94/mcf in the quarter, compared to US$3.66/mcf in Q222. We are not changing our forecasts after these numbers.Canacol Energy is engaged in core petroleum and natural gas exploration and development activities in Colombia, Brazil and Guyana.
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