Canacol Energy Ltd. Provides 2025 Capital and Gas Sales Guidance

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Feb 24 2025

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Source: Newsfilter

2025 Capital and Production Plans: Canacol Energy Ltd. has announced a capital budget for 2025 ranging from $143 million to $160 million, with anticipated gas sales of 146 to 159 million cubic feet equivalent per day. The company plans to drill up to 11 exploration and 3 development wells in the Lower Magdalena Valley Basin to maintain and grow its reserves and production.
Exploration and Development Activities: The corporation is focusing on high-impact gas exploration opportunities, including notable wells like Natilla-2 ST2 and Ramsay-1, while also preparing for operations in Bolivia by 2026. Additionally, they are evaluating the Pola exploration project targeting deep gas reservoirs, alongside ongoing drilling operations that have recently commenced.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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