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Canacol Energy Ltd (CNE.TO)

CNE.TO on Toronto Stock Exchange

4.29CAD
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Canacol Energy - Oil Sales Expected To Average About 1,700 Barrels Per Day In 2018
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Canacol Energy Ltd ::CANACOL ENERGY LTD. PROVIDES 2018 GUIDANCE.CANACOL ENERGY LTD - 2018 CAPITAL BUDGET IS US$ 80 MILLION, WHICH WILL BE FULLY FUNDED FROM EXISTING CASH AND 2018 CASH FLOW.CANACOL ENERGY LTD - CONTRACTED A SINGLE DRILLING RIG WHICH IT INTENDS TO USE TO EXECUTE ITS EXPLORATION AND DEVELOPMENT DRILLING PROGRAM IN 2018.CANACOL ENERGY LTD - OIL SALES ARE EXPECTED TO AVERAGE APPROXIMATELY 1,700 BARRELS OF OIL PER DAY FOR CALENDAR 2018.  Full Article

Canacol Energy Sells Interest In Ecuador Oil Consortium For Cash Proceeds Of $36.4 Million
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Canacol Energy Ltd ::SELLS INTEREST IN ECUADOR OIL CONSORTIUM FOR CASH PROCEEDS OF US$ 36.4 MILLION.ENTERED INTO AGREEMENT WITH TECPETROLLIBERTADOR AND SERTECPET E&P IN RESPECT OF SALE OF ITS 25% INTEREST IN SERVICIOS LIBERTADOR​.‍PURCHASERS ARE EACH EXISTING PARTNERS IN JOINT VENTURE​.‍CONSIDERATION FOR SALE OF ITS NON-OPERATED 25% EQUITY PARTICIPATION IN CONTRACT CORPORATION WILL BE PAID A TOTAL OF US$ 36.4 MILLION​.AS PART OF DEAL, CORPORATION WILL ALSO RECEIVE IMMEDIATE REIMBURSEMENT OF $ 5.5 MILLION IN RESPECT OF A CASH CALL IT RECENTLY PAID TO JV.‍CURRENTLY PLANNING DIVESTMENT OF ALL CO'S CONVENTIONAL OIL ASSETS IN COLOMBIA AND HOPE TO CONCLUDE A TRANSACTION IN Q2 OF 2018​.  Full Article

Interoil: Canacol Energy Sells 1.4 Mln Shares In Company
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - INTEROIL EXPLORATION AND PRODUCTION ASA ::CANACOL ENERGY LTD <<>> SELLS 1.4 MILLION SHARES IN INTEROIL AT A PRICE OF NOK 2.2.  Full Article

Canacol Energy Q3 loss per share $0.01
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Canacol Energy Ltd :Canacol Energy Ltd reports q3 2017 results.Canacol Energy Ltd qtrly loss per share $0.01 ​.Canacol Energy Ltd qtrly ‍total petroleum and natural gas revenues decreased 15 pct to $38 million compared to $44.4 million for same period in 2016​.Canacol Energy Ltd qtrly ‍average production volumes decreased 11 percent to 16,587 boepd​.  Full Article

Canacol Energy expands drilling program, reports on July production
Tuesday, 23 Aug 2016 

Canacol Energy Ltd :Canacol Energy Ltd tests Nispero 1 exploration well at 28 MMSCFPD, expands drilling program, and reports on July production.  Full Article

Canacol Energy provides production and operations update
Tuesday, 12 Jul 2016 

Canacol Energy Ltd : Provides production and operations update: average cash sales of 19,521 boepd for the months of May and June 2016 . Estimates that average net before royalty oil and gas sales for 2016 will range between 16,000 and 17,000 boepd . Estimates that average net before royalty oil and gas sales for 2016 will range between 16,000 and 17,000 boepd . Corporation plans to spud Nispero 1 exploration well during week of July 18, 2016. . Total realized contractual gas sales and oil sales are anticipated to total between 18,500 and 19,000 boepd from May 1 until year end . Canacol anticipates Colombian oil production to average approximately 2,300 bopd, ecuador oil production of about 1,300 bopd in 2016 . To make no significant investments in drilling of oil production and exploration portfolios until pricing stabilizes . Total corporate ebitdax is anticipated to be approximately $ 135 million for calendar 2016 .Estimates that average net before royalty oil and gas sales for 2016 will range between 16,000 and 17,000 boepd.  Full Article

Canacol Energy Ltd reports Q1 results
Wednesday, 11 May 2016 

Canacol Energy Ltd : Average production volumes increased 21% to 10,933 boepd for three months ended March 31, 2016 . Realized contractual corporate oil and gas sales averaging approximately 20,000 boepd versus 11,220 boepd for previous quarter . AFFO for three months ended march 31, 2016 increased 59% to $13.5 million compared to $8.5 million for three months ended December 31, 2015 . Qtrly adjusted funds from operations per share $0.08 . Estimates that average net before royalty oil and gas production for 2016 will range between 16,000 and 17,000 boepd . Total corporate EBITDAX is anticipated to be approximately $135 million for calendar 2016 . Total petroleum & natural gas revenues for Q1 2016 increased 30% to $22.7 million versus $17.4 million for three months ended dec. 31, 2015 .Canacol energy ltd. increases first quarter sales 20% to 11,220 boepd and corporate netback 9% to $23.90/boe.  Full Article

BRIEF-Canacol Energy - Oil Sales Expected To Average About 1,700 Barrels Per Day In 2018

* CANACOL ENERGY LTD - 2018 CAPITAL BUDGET IS US$ 80 MILLION, WHICH WILL BE FULLY FUNDED FROM EXISTING CASH AND 2018 CASH FLOW