Friday, December 20, 2024
9:54 AM EST – Canacol Energy Ltd. : Provided the following update concerning its ongoing exploration and development drilling programs. Pibe-1 Exploration Well (VIM-21 Exploration and Exploitation Contract 100% Operated Interest). The Pibe-1 exploration well was spud on November 23, 2024, and reached a total depth of 11,000 feet measured depth (“ft MD”). The well is located approximately 4 kilometers to the north of the recent Chontaduro-1 discovery. The well encountered 1,044 feet true vertical depth (“ft TVD”) of gross gas column within the Cienaga de Oro sandstone reservoir. Canacol Energy Ltd. (T.CNE ) shares were up $0.21 at 3.71.
Stocks in Play: Canacol Energy Ltd., Fri, 20 Dec 2024 09:57:06 EST