Canacol Energy has provided updated production for 2019–20, capex guidance for 2020 and its natural gas reserves at year-end 2019. Management expects production for 2020 to be relatively in line with realised average sales for December 2019 at c 205mmscfd and capex for the year at c US$114m. Capex will cover 12 wells across exploration, appraisal and development activities. The investment will contribute to Canacol’s reserve replacement and growth strategy and aims to expand its c
03 Mar 2020
Canacol Energy - 2020 set to be Canacol’s largest drilling campaign
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Canacol Energy - 2020 set to be Canacol’s largest drilling campaign
Canacol Energy has provided updated production for 2019–20, capex guidance for 2020 and its natural gas reserves at year-end 2019. Management expects production for 2020 to be relatively in line with realised average sales for December 2019 at c 205mmscfd and capex for the year at c US$114m. Capex will cover 12 wells across exploration, appraisal and development activities. The investment will contribute to Canacol’s reserve replacement and growth strategy and aims to expand its c