Brief: Canacol Energy Addresses Concerns Regarding Debt Obligations And Liquidity

Canacol Energy (Alberta)

26/03/2024 21:10

March 26 (Reuters) - Canacol Energy Ltd  CNE.TO :
    * CANACOL ENERGY LTD. ADDRESSES CONCERNS REGARDING DEBT
OBLIGATIONS AND LIQUIDITY
    * CANACOL ENERGY LTD - REAFFIRMS ITS COMMITMENT TO MEET ALL
ITS
FUTURE FINANCIAL OBLIGATIONS
    * CANACOL ENERGY LTD: PRIORITIZING CASH LIQUIDITY AND
BALANCE
SHEET PRESERVATION
    * CANACOL ENERGY LTD -  ANY SPECULATION THAT CORPORATION MAY
NOT
BE PAYING ITS NEXT COUPON IS COMPLETELY FALSE
    * CANACOL ENERGY LTD -  REAFFIRMS ITS COMMITMENT TO MEET ALL
ITS
FUTURE FINANCIAL OBLIGATIONS
    * CANACOL ENERGY LTD -  EXPECTS TO GENERATE BETWEEN $250 -
$290
MILLION IN EBITDA DURING 2024
    * CANACOL ENERGY: DISCONTINUING DIVIDEND INCREASES BALANCE
SHEET
FLEXIBILITY, CASH LIQUIDITY IN SHORT TERM AND IS IN BEST
INTEREST OF ALL STAKEHOLDERS
    * CANACOL ENERGY LTD: HAS ACCESS TO ADDITIONAL SOURCES OF
LIQUIDITY, IF NEEDED, SUCH AS SALE OF NON-CORE, NON-GAS ASSETS
    * CANACOL ENERGY LTD - WILL BE PREPAYING ITS 2024 TAX
INSTALLMENTS
AS REQUIRED BY COLOMBIAN REGULATION IN FIRST HALF OF YEAR
    * CANACOL ENERGY LTD - CASH REQUIREMENTS ARE EXPECTED TO
DECLINE
IN SECOND HALF OF 2024 AND INTO 2025

Source text for Eikon:  ID:nGNX4RPty8 
Further company coverage:  CNE.TO 

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