Canacol Energy Ltd. is pleased to provide the following update on certain new and existing credit facilities. All amounts are in USD. Jason Bednar, CFO of Canacol commented “As at June 30, 2020, Canacol maintained its strong balance sheet and liquidity including approximately $59 million of cash, with our robust 2020 capital and dividend programs [...]
Canacol Energy Ltd. will announce its second quarter 2020 financial results on Thursday, August 13, 2020, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, August 14, 2020 at 8:00 a.m. MST / 10:00 a.m. ET. The conference call may be accessed by dial in or via webcast: Pre-register for the [...]
Canacol Energy Ltd. is pleased to provide the following gas sales and drilling update. Gas Sales Realized contractual natural gas sales for June 2020 averaged approximately 165 million standard cubic feet per day . In addition to the realized contractual gas sales the Corporation saw an additional 12 to 14 MMscfpd of gas sales nominations [...]
Canacol Energy Ltd. is pleased to announce that at the annual general and special meeting held in Bogot?, Colombia on July 10, 2020 holders of common shares of Canacol: re-elected Charle Gamba, Michael Hibberd, David Winter, Gregory D. Elliot, Francisco Diaz, Oswaldo Cisneros, Gonzalo Fern?ndez-Tinoco and Ariel Merenstein to the Board of [...]
Canacol Energy Ltd. announced today that due to public health restrictions on mass gatherings implemented by the Government of Colombia and taking into account the health and safety of our employees, shareholders, service providers, other stakeholders and the community, Canacol strongly encourages shareholders NOT to attend the meeting in person [...]
Canacol Energy Ltd. announced that it has declared a dividend of CAD$.052 per share, payable on July 15, 2020, to shareholders of record at the close of business on June 30, 2020. The ex-dividend date for all shareholders is June 29, 2020. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes. The declaration, timing [...]
Canacol Energy Ltd. is pleased to provide the following gas sales and operations update. The gas sales should be read in conjunction with the Corporation’s outlook section contained in its first quarter press release and MD&A released on May 13, 2020. Gas Sales Average 181 MMscfpd During Later Half of May Current indications, as evidenced by the [...]
Canacol Energy Ltd. is pleased to report its financial and operating results for the three months ended March 31, 2020. Dollar amounts are expressed in United States dollars, except as otherwise noted. Charle Gamba, President and CEO of the Corporation, commented: “The first quarter of 2020 marked a milestone for the Corporation as we achieved [...]
Canacol Energy Ltd. will announce its first quarter 2020 financial results on Wednesday, May 13, 2020, after the market closure. Senior Management will hold a Conference Call to discuss results on Thursday, May 14, 2020 at 11:00 a.m. MST / 1:00 p.m. ET. The conference call may be accessed by dial in or via webcast: Pre-register for the Conference [...]
Canacol Energy Ltd. is pleased to report on the conventional natural gas prospective resources for its Esperanza, VIM‐21, VIM‐5, VIM‐19, SSJN-7, and VIM-33 exploration blocks located in the Lower Magdalena valley basin, and VMM-45 and VMM-49 exploration blocks located in the Middle Magdalena valley basin of Colombia. Prospective resources are based [...]
Canacol Energy Ltd. is pleased to provide the following updates. Canacol Enters Automatic Share Purchase Plan Canacol announced today that in connection with the Corporation’s previously announced normal course issuer bid to purchase up to 14,276,439 of its common shares , it has entered into an automatic share purchase plan with its designated [...]
Canacol Energy Ltd. is pleased to announce the appointment of Mr. Ari Merenstein as an independent director to the board of the Corporation. Mr. Merenstein is the Managing Partner and Portfolio Manager of Fourth Sail Capital. Prior to founding Fourth Sail in 2019, he spent eleven years at Prince Street Capital Management, a global [...]