Brief: Canacol Energy Ltd. Reports A Net Income Of $2.6 Million In Q3 2020

Canacol Energy (Alberta)

13/11/2020 02:20

Nov 12 (Reuters) - Canacol Energy Ltd  CNE.TO :
    * REPORTS AN 11% INCREASE IN REALIZED CONTRACTUAL GAS SALES
AND A
NET INCOME OF $2.6 MILLION IN Q3 2020
    * QTRLY TOTAL NATURAL GAS REVENUES, NET OF ROYALTIES AND
TRANSPORTATION EXPENSES INCREASED 2% TO $56.3 MILLION VERSUS
$55.1 MILLION
    * FOR REMAINDER OF 2020, CORPORATION PLANS TO COMMENCE
DRILLING OF
TWO ADDITIONAL GAS EXPLORATION WELLS, FLAUTA-1 AND SIKU-1
    * CORPORATION ALSO PLANS TO ADD TWO NEW EXPLORATION AND
PRODUCTION
CONTRACTS TO ITS PORTFOLIO, VIM-44 BLOCK AND VMM-47 BLOCK

Source text for Eikon:  ID:nGNX7kYjzs 
Further company coverage:  CNE.TO 

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