Canacol Energy ( (TSE:CNE) ) has provided an announcement.
Canacol Energy Ltd. announced its 2P reserves and deemed volumes, totaling 599 Bcfe with a before-tax NPV-10 value of US$2.6 billion, reflecting a 21% increase from the previous year. The company’s reserve life index stands at 10.2 years, with a reserve replacement ratio of 85% for 2024, indicating robust future production potential and a solid financial position, which could positively impact its market positioning and stakeholder confidence.
More about Canacol Energy
Canacol Energy Ltd. operates in the energy sector, focusing on the exploration and production of conventional natural gas and crude oil. The company has significant reserves in Colombia’s Lower Magdalena Valley, Middle Magdalena Valley, and Llanos basin, emphasizing its role in the natural gas and crude oil markets.
YTD Price Performance: 5.90%
Average Trading Volume: 4,066
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $96.88M
See more data about CNE stock on TipRanks’ Stock Analysis page.