reports
Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Fi...
Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing CALGARY, Alberta, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (TSX: CNE) (OTCID: CNNEQ) (BVC: CNEC) (“Canacol” or the “Company”) announces that it has entered into an agreement with an ad hoc group of holders of the Company’s 5.75% senior unsecured notes due 2028 (the “DIP Credit Agreement”) for debtor-in-possession financing (the “DIP Financing”), comprised of a U.S.$45 million delayed-draw new-money term loan (the “Term Loan Tranche”) with capacity to obtain additional commitments to issue up to U.S....
Canacol Announces Results of DeGolyer and MacNaughton Audit of Proved ...
Canacol Announces Results of DeGolyer and MacNaughton Audit of Proved Gas Reserves CALGARY, Alberta, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCID:CNNEQ; BVC:CNEC) announces that DeGolyer and MacNaughton has performed an audit of the extent and value of the estimated proved developed producing, proved developed, and total proved gas reserves of certain properties located in the Esperanza, VIM-5, and VIM-21 Blocks in Colombia in which Canacol holds an interest. Canacol has represented that the estimated reserves attributable to the...
Canacol Energy Filed for Relief Under Chapter 15 of the U.S. Bankruptc...
Canacol Energy Filed for Relief Under Chapter 15 of the U.S. Bankruptcy Code TORONTO, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (TSX: CNE) (OTCQX: CNNEF) (BVC: CNE.C) (“Canacol” or the “Company”), announces that the Company and certain of its subsidiaries filed for relief under Chapter 15 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. The petitions for relief seek recognition of the Company’s Canadian proceeding commenced under the Companies' Creditors Arrangement Act, or CCAA, in the Court of King’s Bench of Alberta as a foreign mai...
Canacol Energy Granted Creditor Protection to Pursue Restructuring
Canacol Energy Granted Creditor Protection to Pursue Restructuring TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (TSX: CNE) (OTCQX: CNNEF) (BVC: CNE.C) (“Canacol” or the “Company”) announces that the Company and its subsidiaries have obtained an initial order for creditor protection (the “Initial Order”) from the Court of King’s Bench of Alberta (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”). The order provides for a stay of proceedings for 10 days staying action by creditors and appointed KPMG Inc. as Court-appointed Monitor of the Compan...
Canacol Energy Seeks Creditor Protection to Pursue Restructuring
Canacol Energy Seeks Creditor Protection to Pursue Restructuring TORONTO, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (TSX: CNE) (OTCQX: CNNEF) (BVC: CNEC) (“Canacol” or the “Company”), today announces that the Company and its subsidiaries are seeking an order for creditor protection (the “Initial Order”) from the Court of King’s Bench of Alberta (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”). The CCAA is a federal statute in Canada that allows qualifying insolvent companies to restructure their affairs under court supervision, with the aim of ma...
Canacol Energy Ltd. Reports Net lncome of $18.7 Million For The Third ...
Canacol Energy Ltd. Reports Net lncome of $18.7 Million For The Third Quarter of 2025 CALGARY, Alberta, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three and nine months ended September 30, 2025. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices ("C$") where indicated and otherwise noted. Highlights for the three and nine months ended September 30, 2025. The Corporation's natural gas and liquef...
Canacol Energy Ltd Provides Information on Arbitration Process
Canacol Energy Ltd Provides Information on Arbitration Process CALGARY, Alberta, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Company”) announces that it has been notified of the decision issued in the domestic arbitration proceedings initiated by VP Ingenergía S.A.S. E.S.P. before the Arbitration and Conciliation Center of the Bogotá Chamber of Commerce. The arbitration addressed the termination of three natural gas supply contracts, which were terminated by Canacol due to VP Ingenergía’s contractual breaches, including the failure to provide the contractuall...
Canacol Energy Ltd. Reports Net Income of $13.9 Million For The Second...
Canacol Energy Ltd. Reports Net Income of $13.9 Million For The Second Quarter of 2025 CALGARY, Alberta, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three and six months ended June 30, 2025. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. Highlights for the three and six months ended June 30, 2025. The Corporation’s natural gas and liquefied natural...
Canacol Energy Ltd. To Announce Second Quarter 2025 Financial Results ...
Canacol Energy Ltd. To Announce Second Quarter 2025 Financial Results on Thursday, August 7, 2025; Hold Conference Call on Friday, August 8, 2025 CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its second quarter 2025 financial results on Thursday, August 7, 2025, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, August 8, 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-registe...
Canacol Energy Ltd Provides Exploration Drilling Update
Canacol Energy Ltd Provides Exploration Drilling Update CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) provides the following update concerning its current drilling activities and results. Natilla-2 ST3 Exploration Well (SSJN-7 Exploration and Production contract, 100% Working Interest) Natilla-2 ST3 reached a total depth of 15,616 feet true vertical depth (“ft TVD”) near the base of the Porquero Formation (“Porquero”), the planned intermediate casing point of the well situated just above t...
Canacol Energy Ltd. Announces Meeting Results
Canacol Energy Ltd. Announces Meeting Results CALGARY, Alberta, June 24, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) is pleased to announce that at the annual general and special meeting held in Bogotá, Colombia on June 24, 2025 (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; (ii) appointed PricewaterhouseCoopers LLP, as Canacol's auditors; and (iii) a...
Canacol Energy Ltd. Reports a 12% Increase in Natural Gas Netback in Q...
Canacol Energy Ltd. Reports a 12% Increase in Natural Gas Netback in Q1 2025 CALGARY, Alberta, May 08, 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 ended March 31, 2025. 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, 2025 The Corporation’s natural gas and liquefied natural gas (“LNG...
Canacol Energy Ltd. To Announce First Quarter 2025 Financial Results o...
Canacol Energy Ltd. To Announce First Quarter 2025 Financial Results on Thursday, May 8, 2025; Hold Conference Call on Friday, May 9, 2025 CALGARY, Alberta, April 28, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its first quarter 2025 financial results on Thursday, May 8, 2025, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, May 9, 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 Con...
Canacol Energy Ltd. Reports Record Adjusted EBITDAX of $296 Million fo...
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 Bc...
Canacol Energy Ltd. Announces 2P Reserves and Deemed Volumes of 599 Bcfe Worth US$2.6B BTAX and 10 Year Reserve Life Index CALGARY, Alberta, March 20, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its conventional natural gas, light, medium, and heavy crude oil reserves, and deemed volumes for the fiscal year end December 31, 2024. The Corporation’s conventional natural gas reserves are located in the Lower Magdalena Valley basin, Colombia. Canacol has light and medium crude oil reserves located in the M...
Canacol Energy Ltd. To Announce Fourth Quarter and Fiscal Year 2024 Fi...
Canacol Energy Ltd. To Announce Fourth Quarter and Fiscal Year 2024 Financial Results on Thursday, March 20, 2025; Hold Conference Call on Friday, March 21, 2025 CALGARY, Alberta, March 04, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its fourth quarter and fiscal year 2024 financial results on Thursday, March 20, 2025, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, March 21, 2025, at 8:00 a.m. MT / 10:00 a.m. ET. The conference call may be accessed by di...
Canacol Energy Ltd. Provides 2025 Capital and Gas Sales Guidance
Canacol Energy Ltd. Provides 2025 Capital and Gas Sales Guidance CALGARY, Alberta, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide its capital and gas sales guidance for 2025. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. The Corporation announces that its 2025 capital budget is between $143 million and $160 million. Forecast average realized contractual gas sales and oil sales for 2025, which ...
Canacol Energy Ltd Provides Corporate Update
Canacol Energy Ltd Provides Corporate Update CALGARY, Alberta, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to provide the following update concerning its 2024 unaudited financial and operating results, current drilling activities and results, and recent activity in Bolivia. 2024 Financial Highlights Q4 2024E Annual 2024E 2024 Guidance Realized contractual oil and gas sales (MMcfe/d)163 165 160 to 177 EBITDAX ($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
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
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....
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