Markets

Canacol Energy Flat After Providing Colombia Update

Canacol Energy Ltd. (CNE.TO) provided an update on its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia. The corporation has completed the drilling and casing of the first of four new development wells it plans to drill through the remainder of calendar 2011. The Rancho Hermoso 11 well has been cased and is expected to be completed and brought onto permanent production from the Ubaque reservoir within the next 2 weeks. The RH 11 well encountered 130 feet of net oil pay within 6 different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los CuervosBarco, Guadalupe, Gacheta, and Ubaque.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos