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Canacol Touts Clarinete Gas Discovery; Talks 2Q Drilling, Production

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Canacol Touts Clarinete Gas Discovery; Talks 2Q Drilling, Production

Canacol Energy Ltd. reported the following update concerning its production and drilling operations in Colombia and Ecuador.

Drilling Operations

The Corporation and its joint venture operating partners have completed the drilling and testing of the successful Secoya Oeste - A001 exploration well located adjacent to the producing Libertador and Atacapi light oil fields in the Oriente Basin of Ecuador. The Corporation holds a non-operated working interest of 25% in the Ecuadorian consortium which includes a risked service contract governing light oil production from the Libertador and Atacapi light oil fields. The Secoya Oeste - A001 exploration well was spud in early June 2015 targeting the T, U, and basal Tena sandstone reservoirs which produce in the adjacent Libertador and Atacapi oil…

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