bullish

Canacol Energy - Increasing activity

320 Views04 Aug 2023 20:38
Issuer-paid
SUMMARY

Canacol Energy issued an operational update on 3 August that included gas sales and drilling plans. July 2023 gas sales were 197mmcf/day, in line with sales a year earlier. However, perhaps more importantly, the group is mobilising two additional rigs to increase production capacity to meet potential higher demand due to the emerging El Niño effect.

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