Canacol Energy Ltd. provides gas sales and drilling update
January 9, 2024
By Canadian Biomass staff
(Globe Newswire) Calgary — Canacol Energy Ltd. provides the following gas sales and drilling operations update.
December Gas Sales of 160 MMscfpd
Realized contractual natural gas sales (which are gas produced, delivered and paid for) averaged 166 MMscfpd for the period of December 1 to December 20. Beginning December 21 2023 the corporation performed two scheduled routine maintenance procedures on its Jobo processing plant which interrupted production levels until January 2, 2024, a period where gas demand is typically low due to the Holidays. As such, December realized contractual natural sales averaged 160 MMscfpd.
Near Term Drilling Program
The corporation anticipates spudding the Clarinete 10 development well by the third week of January 2024, and anticipates that it will take approximately three weeks to drill and tie into permanent production.
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