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Canacol to Begin Appraisal Drilling at Clarinete Discovery
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Canacol Energy Ltd. has reported the following update concerning its production and drilling operations.
Drilling OperationsThe Corporation is planning to commence appraisal drilling activity at its Clarinete natural gas discovery located on the VIM5 contract in the Lower Magdalena Basin in which Canacol has a 100% operated working interest. The Clarinete discovery contains 150 billion cubic feet (bcf) of net before royalty 2P natural gas reserves and 209 bcf of net before royalty best estimate prospective natural gas resource, as per a 3rd party reserves reports completed in February 2015. The primary objective of the 2 well appraisal program is to prove up the 209 bcf of net before royalty best estimate prospective natural gas resource associated with the Clarinete discovery prior to…
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