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Canacol Energy Ltd (CNE.TO)

CNE.TO on Toronto Stock Exchange

4.35CAD
23 Apr 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 reports Q2 ‍adjusted funds from operations per share $0.14​
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Canacol Energy Ltd -:Canacol Energy Ltd reports Q2 2017 results.Canacol Energy Ltd - qtrly ‍adjusted funds from operations per share $0.14​.Canacol Energy Ltd- ‍average production volumes increased 4% to 17,162 boepd for three months ended June 30, 2017​.Canacol Energy Ltd- ‍realized contractual sales volumes increased 1% to 17,195 boepd for three months ended June 30, 2017​.  Full Article

Canacol Energy enters into Sabanas Gas flowline agreement
Wednesday, 9 Aug 2017 

Aug 9 (Reuters) - Canacol Energy Ltd :Canacol Energy Ltd enters into Sabanas Gas flowline agreement.Canacol Energy Ltd - ‍Canacol's financial contribution to project will be almost entirely satisfied by costs incurred to date​.Canacol Energy - $41 million Sabanas Gas flowline project will be financed through $30.5 million investment by group of private investors, $10.5 million from Canacol​.Canacol Energy Ltd - ‍canacol's financial contribution to project will not involve issuance of new equity or affect its current cash position​.Canacol Energy Ltd - ‍two members of co's board have participated in private investor financing for an aggregate amount of US $9.0 million​.Canacol Energy Ltd ltd - has option to divest up to an additional US$3 million of its share of project, thus lowering its investment to about US$7.5 million.  Full Article

Canacol Energy reports Q1 results
Wednesday, 10 May 2017 

May 10 (Reuters) - Canacol Energy Ltd ::Canacol Energy Ltd reports Q1 results.Qtrly loss per share $0.05.Average production volumes increased 55% to 16,992 boepd for three months ended march 31, 2017.Total petroleum and natural gas revenues for three months ended march 31, 2017 increased 83% to $41.6 million.Qtrly adjusted funds from operations per share $ 0.12.  Full Article

Canacol Energy says acquired operated interest in the SSJN7 E&P contract
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Canacol Energy Ltd ::Canacol Energy Ltd. Consolidates core gas exploration position with acquisition of operated interest in the ssjn7 e&p contract, lower magdalena valley basin.Canacol Energy Ltd - has purchased pacific exploration and production's 50 pct operated interest in ssjn7 exploration and production contract.Canacol - purchased interest in ssjn7 contract for consideration of assumption of contractual exploration obligations to agencia nacional de hidrocarburos.Canacol Energy-ssjn7 block increases canacol's net exploration acreage position 43 pct from 785,000 acres to 1,120,000 acres within lower Magdalena valley basin.  Full Article

Canacol Energy provides guidance for 2017
Wednesday, 12 Apr 2017 

Canacol Energy Ltd : Provides guidance for 2017 . Announces 2017 capital budget is us$ 89 million . 2017 capital budget is us$ 89 million . In 2017, realized contractual oil and gas sales anticipated to average between 18,000 and 19,000 barrels of oil equivalent per day .Anticipates colombian oil production to average about 2,500 bopd and ecuador oil production to average about 1,200 bopd in calendar 2017.  Full Article

Canacol Energy announces 2016 year end results posting $135.5 mln of EBITDAX
Monday, 27 Mar 2017 

Canacol Energy Ltd : Canacol Energy Ltd. announces 2016 year end results posting $135.5 million of EBITDAX . Canacol Energy - Average daily production volumes increased 96% to 17,728 boepd for 3 months ended Dec 31, 2016 compared to 9,064 boepd for same period in 2015 . Qtrly earnings per share $0.12 . Canacol Energy Ltd - Petroleum and natural gas revenues for three months ended December 31, 2016 increased 141% to $42 million . Qtrly adjusted funds from operations $0.24 per share .Canacol Energy-Realized contractual sales volumes increased 96% to 18,310 boepd for three months ended Dec 31, 2016 versus 9,359 boepd last year.  Full Article