torsdag 21 april 2016

Canacol har nu officiellt nått första målet.

Canacol Energy Ltd. Achieves 90 MMSCFPD of Realized Gas Sales 

CALGARY, ALBERTA - (April 21, 2016) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following update concerning its gas sales and the expansion of its Jobo gas processing facility.

Realized contractual gas sales currently total 90 million standard cubic feet per day (͞MMscfpd͟). Canacol’s gas sales are priced in US dollars sold at the

Jobo plantgate under long term multi year escalated take or pay contracts at a 2016 average sales price of US$31.92 / barrel of oil equivalent (͞boe͟), or US$5.60 / thousand standard cubic feet (͞mscf͟), to major Colombian gas consumers including thermoelectric producers and mining companies.

Realized contractual gas sales for the months of January 2016, February 2016, and March 2016 were approximately 30.0 MMscfpd, 38.5 MMscfpd and 47.0 MMscfpd respectively, reflecting the additional sales related to the Promigas pipeline expansion.

Realized gas sales netbacks for the first quarter of 2016 was approximately US$25.80 / boe, or US$4.53 / mscf. Canacol estimates that realized contractual gas sales will average approximately 75 MMscfpd (13,160 boepd) for calendar 2016 (including approximately 90 MMscfpd from here forth) at an anticipated average realized price of US$5.60 / mscf (US$31.92 / boe), with an average netback of approximately US$4.56 / mcf (US$26.00 / boe), generating approximately US$153 million of gross revenues.

The expansion of gas processing facilities at the Canacol operated Jobo station have been completed, with gas total processing capacity exceeding 180 MMscfpd.

Guld gör nytt försök att bryta ut, 1260 ska vara viktigt.

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