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Canacol Energy ( (TSE:CNE) ) just unveiled an update.
Canacol Energy Ltd. has announced its capital and gas sales guidance for 2025, with a capital budget between $143 million and $160 million. The company plans to maintain and grow its reserve base and production from core assets in the Lower Magdalena Valley Basin, while also exploring new opportunities in the Middle Magdalena Valley Basin. The company aims to drill up to 11 exploration and 3 development wells, with significant exploration activities planned to capitalize on strong gas market dynamics. Canacol is also preparing to commence operations in Bolivia in 2026, pending contract ratifications and environmental permits.
More about Canacol Energy
Canacol Energy Ltd. operates in the energy sector, focusing primarily on the exploration and production of natural gas. The company is active in the Lower and Middle Magdalena Valley Basins and is expanding its operations to Bolivia, aiming to leverage existing infrastructure and explore new opportunities in high-impact gas exploration.
Average Trading Volume: 6,287
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $92.54M
Find detailed analytics on CNE stock on TipRanks’ Stock Analysis page.
