Canacol Energy acquires COR 4 and COR 12 in the Magdalena Valley of Colombia (Scandinavian Oil-Gas Magazine)

Canacol Energy acquires COR 4 and COR 12 in the Magdalena Valley of Colombia

Published Feb 3, 2014

Canacol Energy Ltd. announce that its subsidiary, Canacol Energy Colombia S.A. (Canacol Colombia), has acquired a right to an 80% interest in each of the COR 4 and COR 12 Exploration and Production ("E&P") contracts located in the Upper Magdalena Basin of Colombia.

The new contracts are located adjacent to the Corporation's existing COR 39 and COR 11 E&P contracts and are prospective for both shallow conventional oil exploration targets within the Guadalupe sandstone reservoirs, and deeper non-conventional oil exploration targets within the thick Cretaceous Villeta - La Luna shale.

Tags: Canacol Energy Inc.

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Canacol Energy acquires COR 4 and COR 12 in the Magdalena Valley of Colombia

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