Charle Gamba - President and CEO of Canacol Energy

Charle Gamba - President and CEO of Canacol Energy

Canacol Energy (CNE:TSX) provided production results from its wells in Colombia and Ecuador.  CNE’s total corporate production in July averaged 10,120 boepd, of which 7,027 bopd was crude oil with another 3,093 boepd of gas.  Month over month growth in total corporate production was 17.5% (8,616 boepd in May and June) and 22% (5,794 bopd) in crude oil specific production.  Most of this increased production is a result of their LLA23 Block in the Libertador-Atacapi fields in Ecuador with their Colombian assets continuing to perform well. CEO Gamba commented, “We expect production to build through the remainder of the year and anticipate more good news on the exploration front from our remaining drills for calendar 2013." Read: Canacol Provides Production Update

Canacol's shares are up 7.8% on the day at press time, last at $4.29.

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