Canacol Energy Ltd. Reports Record Adjusted EBITDAX of $296 Million for the Year Ended December 31, 2024 CALGARY, Alberta, March 20, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three months and year ended December 31, 2024. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. Highlights for the three months and year ended December 31, 2024 Adjusted EBITDAX incr...
Canacol Energy Ltd. Announces 2P Reserves and Deemed Volumes of 599 Bcfe Worth US$2.6B BTAX and 10 Year Reserve Life Index CALGARY, Alberta, March 20, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its conventional natural gas, light, medium, and heavy crude oil reserves, and deemed volumes for the fiscal year end December 31, 2024. The Corporation’s conventional natural gas reserves are located in the Lower Magdalena Valley basin, Colombia. Canacol has light and medium crude oil reserves located in the M...
Canacol Energy Ltd. To Announce Fourth Quarter and Fiscal Year 2024 Financial Results on Thursday, March 20, 2025; Hold Conference Call on Friday, March 21, 2025 CALGARY, Alberta, March 04, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its fourth quarter and fiscal year 2024 financial results on Thursday, March 20, 2025, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, March 21, 2025, at 8:00 a.m. MT / 10:00 a.m. ET. The conference call may be accessed by di...
Canacol Energy Ltd. Provides 2025 Capital and Gas Sales Guidance CALGARY, Alberta, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide its capital and gas sales guidance for 2025. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. The Corporation announces that its 2025 capital budget is between $143 million and $160 million. Forecast average realized contractual gas sales and oil sales for 2025, which ...
Canacol Energy Ltd Provides Corporate Update CALGARY, Alberta, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to provide the following update concerning its 2024 unaudited financial and operating results, current drilling activities and results, and recent activity in Bolivia. 2024 Financial Highlights Q4 2024E Annual 2024E 2024 Guidance Realized contractual oil and gas sales (MMcfe/d)163 165 160 to 177 EBITDAX ($MM)78 298 250 to 290 Cash capex ($MM)29 123 138 to 151 Leverage ratio2.3x 2.3x 2.4x to...
Canacol Energy Ltd Provides Drilling Update CALGARY, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following update concerning its ongoing exploration and development drilling programs. Pibe-1 Exploration Well (VIM-21 Exploration and Exploitation Contract 100% Operated Interest) The Pibe-1 exploration well was spud on November 23, 2024, and reached a total depth of 11,000 feet measured depth (“ft MD”). The well is located approximately 4 kilometers to the north of the recent ...
Canacol Energy Ltd Provides Drilling Update CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following update concerning its ongoing exploration and development drilling programs. Kite-1 Exploration Well (Esperanza Exploration and Exploitation Contract 100% Operated Interest) The Kite-1 exploration well was spud on November 7, 2024 and reached a total depth of 9,316 feet measured depth (“ft MD”). The well is located midway between the producing Palmer and Pomelo gas fields....
Canacol Energy Ltd. Reports Record Adjusted EBITDAX of $86 Million for the Third Quarter of 2024 CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three and nine months ended September 30, 2024. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. Highlights for the three and nine months ended September 30, 2024 Adjusted EBITDAX incre...
Canacol Energy Ltd. To Announce Third Quarter 2024 Financial Results on Thursday, November 7, 2024; Hold Conference Call on Friday, November 8, 2024 CALGARY, Alberta, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) 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-r...
Canacol Energy Ltd. Announces Revised 2024 Capital Program, Comments on 2024 Guidance and Provides Drilling Update CALGARY, Alberta, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) 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...
Canacol Energy Ltd. Announces the Closing of a US $75 Million Senior Secured Term Loan CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to announce that, on September 3, 2024, it entered into a committed 24 month US $75 million senior secured term loan facility (the “Facility”) with Macquarie Group (“Macquarie”). The initial draw on funding is expected to be US $50 million, with a further commitment of US $25 million available for a twelve month period should certain production metrics...
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price NOK52 per share: All eyes on EG – 1H24 production was 9,168 bbl/d. EG and Gabon production had already been disclosed. 1H24 production in Tunisia was 1,670 bbl/d (we forecasted 1,760 bbl/d) given subdued activities. In EG, the first infill well encountered the primary and secondary reservoirs in line with expectations. Production is expected to begin early September. The second infill well is expec...
Canacol Energy Ltd. Reports Record Natural Gas Netback and Adjusted EBITDAX for the Second Quarter of 2024 CALGARY, Alberta, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three and six months ended June 30, 2024. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. Highlights for the three and six months ended June 30, 2024 Adjusted funds from operations i...
Canacol Energy Ltd. To Announce Second Quarter 2024 Financial Results on Thursday, August 8, 2024; Hold Conference Call on Friday, August 9, 2024 CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its second quarter 2024 financial results on Thursday, August 8, 2024, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, August 9, 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-registe...
Canacol Energy Ltd. Announces Meeting Results CALGARY, Alberta, June 27, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) is pleased to announce that at the annual general meeting held in Bogotá, Colombia on June 27, 2024 (the "Meeting") holders of common shares of Canacol: (i) elected Charle Gamba, Michael Hibberd, Francisco Diaz, Gustavo Gattass, Valentina Garbarini, Silvestre Tovar Leopardi and David Winter to the Board of Directors; and (ii) appointed PricewaterhouseCoopers LLP, as Canacol's auditors. The detailed resul...
Canacol Energy Ltd. Presents its 2023 ESG and TCFD Reports Highlighting Inclusion in the S&P Global Sustainability Yearbook 2023 for High Performance in Sustainable Practices CALGARY, Alberta, June 06, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following information concerning its Environmental, Social, and Governance (“ESG”) Strategy. Charle Gamba, President, and CEO of the Corporation stated: “As the largest independent natural gas company in Colombia we recognize the responsibility of meeti...
Canacol Energy Ltd. Provides Corporate Update CALGARY, Alberta, May 27, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to provide the following update regarding scheduled interest payment, termination of Fitch Ratings coverage, and exploration drilling program. Interest Payment On May 24, 2024, Canacol paid its scheduled semi-annual interest payment of US $14.375 million on its November 2028 Senior Notes. Rating Agency Update On Tuesday, May 21, 2024, the Corporation informed Fitch Ratings that it was termin...
Canacol Energy Ltd. Reports a 22% Increase in Netback and an Adjusted EBITDAX of $61 Million in Q1 2024 CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three months ended March 31, 2024. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. Highlights for the three months ended March 31, 2024 Adjusted funds from operations increased 2...
Canacol Energy Ltd. Provides Corporate Update CALGARY, Alberta, April 29, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following update regarding the sale of its share holdings in Arrow Exploration Corp, gas sales and drilling operations update. Arrow Share Disposition On April 26, 2024, Canacol sold its entire holdings in Arrow Exploration Corp. of 60,072,807 shares for gross proceeds of approximately US $13.8 million, via the AIM market of the London Stock Exchange. Gas Sales Update Realized ...
Canacol Energy Ltd. To Announce First Quarter 2024 Financial Results on Thursday, May 9, 2024; Hold Conference Call on Friday, May 10, 2024 CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its first quarter 2024 financial results on Thursday, May 9, 2024, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, May 10, 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 ...
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