Canacol Energy Ltd. is pleased to announce that, on September 3, 2024, it entered into a committed 24 month US $75 million senior secured term loan facility with Macquarie Group . 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 [...]
Canacol Energy Ltd. 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 where indicated and otherwise noted. Highlights for the three and six months ended June 30, 2024 Adjusted funds from [...]
Canacol Energy Ltd. 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-register for the Conference [...]
Canacol Energy Ltd. is pleased to announce that at the annual general meeting held in Bogotá, Colombia? on June 27, 2024 holders of common shares of Canacol: elected Charle Gamba, Michael Hibberd, Francisco Diaz, Gustavo Gattass, Valentina Garbarini, Silvestre Tovar Leopardi and David Winter to the Board of Directors; and appointed [...]
Canacol Energy Ltd. 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 [...]
Canacol Energy Ltd. 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 where indicated and otherwise noted. Highlights for the three months ended March 31, 2024 Adjusted funds from operations [...]
Canacol Energy Ltd. 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 [...]
Canacol Energy Ltd. 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 for the Conference Call [...]
Canacol Energy Ltd. is pleased to provide the following information concerning the new Pomelo 1 gas discovery. Pomelo 1 encounters 96 feet of net gas pay The Pomelo 1 exploration well, located on the 100 percent operated VIM-21 Exploration and Production contract, was spud on February 19, 2024 and reached a total depth of 12,276 feet measured depth [...]
Canacol Energy Ltd. comments regarding certain concerns of our debt obligations: As announced on March 22, 2024, during the Corporation´s Fourth Quarter 2023 Conference Call, the Corporation is in compliance with all of its debt covenants and there is no indication of any possible breach. As of December 31, 2023, the Corporation's Consolidated [...]
Canacol Energy Ltd. 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, 2023. 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 [...]
Canacol Energy Ltd. is pleased to report its financial and operating results for the three months and year ended December 31, 2023. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices where indicated and otherwise noted. Highlights for the three months and year ended December 31, 2023 Adjusted [...]
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