Canacol Energy Ltd. Provides Update on December Gas Sales
Canacol Energy Ltd. reported December 2022 gas sales of 177 million standard cubic feet per day (MMscfpd). The sales reflect low interruptible gas due to high rainfall levels during the month. Despite challenging weather conditions impacting production, the company continues its focus on natural gas exploration and production in Colombia. The corporation's stock is traded under the ticker symbols CNE on the Toronto Stock Exchange and CNNEF on OTCQX.
- Achieved gas sales of 177 MMscfpd in December 2022.
- Low interruptible gas sales attributed to very high rainfall levels.
CALGARY, Alberta, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following information concerning its December 2022 natural gas sales.
December Gas Sales of 177 MMscfpd
Realized contractual natural gas sales (which are gas produced, delivered, and paid for) were 177 million standard cubic feet per day for December 2022, representing low interruptible gas sales due to very high rainfall levels during the month.
About Canacol
Canacol is a natural gas exploration and production company with operations focused in Colombia. The Corporation's common stock trades on the Toronto Stock Exchange, the OTCQX in the United States of America, and the Colombia Stock Exchange under ticker symbol CNE, CNNEF, and CNEC, respectively.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur, including without limitation statements relating to estimated production rates from the Corporation's properties and intended work programs and associated timelines. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation cannot assure that actual results will be consistent with these forward-looking statements. They are made as of the date hereof and are subject to change and the Corporation assumes no obligation to revise or update them to reflect new circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking statements. These factors include the inherent risks involved in the exploration for and development of crude oil and natural gas properties, the uncertainties involved in interpreting drilling results and other geological and geophysical data, fluctuating energy prices, the possibility of cost overruns or unanticipated costs or delays and other uncertainties associated with the oil and gas industry. Other risk factors could include risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities, and other factors, many of which are beyond the control of the Corporation.
Realized contractual gas sales is defined as gas produced and sold plus gas revenues received from nominated take or pay contracts.
FAQ
What were Canacol Energy's gas sales for December 2022?
What caused the low gas sales for Canacol Energy in December 2022?
Which stock exchanges list Canacol Energy?
