Canacol Energy Ltd. (TSE:CNE) has released an update.
Canacol Energy Ltd. reports a significant increase in its proved and probable reserves (2P) value, with a before-tax net present value (NPV-10) of US$2.1 billion and an after-tax NPV-10 of US$1.8 billion, marking a substantial growth from the previous year. Despite a 6.9% decline in total reserves, now standing at 607 Bcfe, the company highlights a reserve life index of nearly 10 years, underpinning its robust production outlook and financial health. This update positions Canacol Energy as a strong player in the energy sector, with a solid reserve base and promising financials to attract investors.
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