Precio Canacol Energy Ltd (CNNEF)

Canacol Energy Ltd. engages in the natural gas exploration and development activities. The company is headquartered in Calgary, Alberta and currently employs 423 full-time employees. The firm and its subsidiaries are primarily engaged in natural gas exploration and development activities in Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). Its gas fields are produced from the Cienaga de Oro and Porquero reservoirs that are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. The company has three gas processing and treatment facilities. The company operates over 1.9 million net acres in 10 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins.