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Canacol Energy Ltd (CNE.TO)

CNE.TO on Toronto Stock Exchange

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28 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Canacol Energy reports Q1 results
Wednesday, 10 May 2017 05:00pm EDT 

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 04:30pm EDT 

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 07:00am EDT 

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 06:08pm EDT 

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

Canacol Energy Ltd enters into $265 million senior secured term loan
Thursday, 16 Feb 2017 09:00am EST 

Canacol Energy Ltd : Canacol Energy Ltd enters into US $265 million senior secured term loan to replace existing credit agreement . Canacol Energy - new credit agreement will replace corporation's existing two facilities with BNP Paribas and APOLLO INVESTMENT CORPORATION senior notes . Canacol Energy Ltd - new credit agreement will allow an additional US$ 40 million of greenshoe funds available within 12 months post-funding . Canacol Energy Ltd - proceeds from term loan will be used for repayment of principal in amount of US$ 255 million .Canacol Energy - new credit agreement defers amortization payments till March, 2019.  Full Article

Canacol Energy Ltd enters into US$265 mln senior secured term loan
Thursday, 16 Feb 2017 09:00am EST 

Canacol Energy Ltd - : Canacol Energy Ltd enters into US $265 million senior secured term loan to replace existing credit agreement . Canacol Energy Ltd says term loan will mature on March 20, 2022 . Canacol Energy Ltd - credit agreement will replace corporation's existing two facilities with bnp pariba .Canacol Energy Ltd says proceeds from term loan will be used for repayment of principal in amount of us$ 255 million.  Full Article

Canacol Energy qtrly EPS $0.02
Thursday, 10 Nov 2016 04:01pm EST 

Canacol Energy Ltd : Canacol energy ltd - during q3, canacol achieved realized contractual sales volumes of 18,908 boepd, an 11% increase over previous quarter ended june 30 . Canacol energy ltd - estimates that average net before royalty oil and gas production for 2016 will range between 16,000 and 17,000 boepd . Canacol energy ltd - realized contractual gas sales will average approximately 75 mmscfpd (13,160 boepd) for 2016 . Canacol - anticipates colombian oil production to average about 2,300 bopd and ecuador oil production of approximately 1,300 bopd in calendar 2016 .Canacol energy ltd qtrly earnings per share $0.02.  Full Article

Canacol Energy expands drilling program, reports on July production
Tuesday, 23 Aug 2016 04:05pm EDT 

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 08:05am EDT 

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 04:00pm EDT 

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

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BRIEF-Canacol Energy reports Q1 results

* Average production volumes increased 55% to 16,992 boepd for three months ended march 31, 2017