Canacol Energy (CNNEF) provided its capital and gas sales guidance for 2025. The corporation announces that its 2025 capital budget is between $143M-$160M. Forecast average realized contractual gas sales and oil sales for 2025, which include downtime, are anticipated to range between 146 and 159 million cubic feet equivalent per day. The corporation’s firm 2025 take-or-pay natural gas contracts average 111 MMcfpd, net of contractual downtime. The average wellhead natural gas sales price, net of transportation costs, is expected to range between $7.33/Mcf and $7.65/Mcf on average.
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