General Announcement::Canacol Energy Announces 7.6 TCF of Gross Mean Risked Prospective Conventional Natural Gas Resources

Issuer & Securities

Issuer/ Manager
CANACOL ENERGY LTD.
Securities
CANACOLENE US$500M5.75%281124A - US134808AD63 - PNTB
CANACOLENE US$500M5.75%281124R - USU13518AC64 - YW0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Apr-2022 19:55:13
Status
New
Announcement Sub Title
Canacol Energy Announces 7.6 TCF of Gross Mean Risked Prospective Conventional Natural Gas Resources
Announcement Reference
SG220406OTHRPB08
Submitted By (Co./ Ind. Name)
Canacol Energy Ltd.
Designation
SGX-ST
Description (Please provide a detailed description of the event in the box below)
CALGARY, ALBERTA (April 6, 2022) Canacol Energy Ltd. ( Canacol or the Corporation ) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to report on the conventional natural gas prospective resources (resources other than reserves) for its Esperanza, VIM 21, VIM 5, VIM-33, VIM-44 and SSJN-7 exploration blocks located in the Lower Magdalena Valley ( LMV ) basin, and VMM-45, VMM-47, VMM-49, VMM-53 and VMM-10-1 exploration blocks located in the Middle Magdalena Valley ( MMV ) basin of Colombia (collectively, the Audited Areas ). Boury Global Energy Consultants Ltd. ( BGEC ), Canacol s independent qualified resources auditor, was commissioned to conduct a new independent prospective resources audit of Canacol s internal estimates of prospective resources for the Audited Areas effective December 31, 2021 (the BGEC Report ). Canacol is a natural gas focused exploration and production company, and the largest independent gas producer in Colombia.

For further details, please refer to the full press release, which is attached.

Attachments

06.04.22 - Canacol Energy Announces 7.6 TCF of Gross Mean Risked Prospective Conventional Natural Gas Resources.pdf
Total size =240K