One-Page Deal Sheet
Canacol Acquires 10 Percent Interest in LLA23
Canacol Energy Ltd. Petromont Colombia Sa
Announced Date
June 18,2014
Effective Date
June 01,2014
Close Date
June 01,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
40
Asset/Basin:
{"Llanos Basin"}
Transaction Details: Subscribe to see
Canacol Energy Ltd. has provided the following update concerning the strategic acquisition of an additional 10% working interest from Petromont Colombia S.A. Sucursal Colombia in its LLA23 Exploration and Production contract located in the Llanos basin and the production test results of the Labrador 4 and Leono 3 wells also located on the LLA23 contract, which tested at a gross combined rate of 2,898 barrels of light oil per day (2,608 bopd net).
The Corporation now has a 90% operated working interest in the LLA23 contract, with Petromont holding the remaining 10% interest.
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