Canacol Energy Ltd. (TSE:CNE) has released an update.
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Canacol Energy Ltd. has successfully sold its entire holdings in Arrow Exploration Corp for US $13.8 million and reported an increase in natural gas sales, averaging 164 million standard cubic feet per day in late April 2024. Additionally, their Chontaduro 2 well has encountered a significant gas reserve and is expected to start production soon, contributing to the company’s growth in Colombia’s natural gas sector.
For further insights into TSE:CNE stock, check out TipRanks’ Stock Analysis page.
