Canacol Energy Ltd. Announces 2P Reserves and Deemed Volumes of 607 Bcfe Worth US$2.1B BTAX and 10 Year Reserve Life Index

March 21, 2024

CALGARY, Alberta, March 21, 2024 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its conventional natural gas, light, medium, and heavy crude oil reserves, and deemed volumes for the fiscal year end December 31, 2023. The Corporation’s conventional natural gas reserves are located in the Lower Magdalena Valley basin, Colombia. Canacol has light and medium crude oil reserves located in the Middle Magdalena Valley basin, Colombia and light, medium, and heavy crude oil reserves and deemed volumes in the Llanos basin, Colombia.

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