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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Canacol Subsidiary Picks Up Interest in La Luna Shale Acreage

Canacol Energy Ltd. Not Disclosed
AnnouncedJan 31, 2014
TypeFarm-In/Farm Out
LocationColombia
Announced Date
January 31,2014
Close Date
January 31,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
15




Snapshot
Asset/Basin:
{"Upper Magdalena Basin"}
TargetZones:
{"Guadalupe Sandston
Location
Region
South America

Country
Colombia

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Canacol Energy Ltd. has reported that its subsidiary, Canacol Energy Colombia S.A., has acquired a right to an 80% interest in each of the COR 4 and COR 12 Exploration and Production contracts located in the Upper Magdalena Basin of Colombia.

The new contracts are located adjacent to the Corporation's existing COR 39 and COR 11 E&P contracts and are prospective for both shallow conventional oil exploration targets within the Guadalupe sandstone reservoirs, and deeper non-conventional oil exploration targets within the thick Cretaceous Villeta - La Luna shale.

Charle Gamba, President and CEO…

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