Canacol Energy Ltd. provide the following update on Corporate production and its drilling plans for the Leono 1 exploration well located on the LLA23 Exploration and Production (E&P) contract which the Corporation plans to spud next week.

Average net Corporate production before royalties for the month of October 2013 was approximately 9,642 barrels of oil equivalent per day ("boepd") which consisted of approximately 6,612 barrels of oil per day (bopd) and approximately 17.3 mmscfd (3,030 boepd) of gas.

The Corporation plans to spud the Leono 1 exploration well located on the LLA23 E&P contract in the second week of November 2013. Leono 1 will be the second exploration well drilled on the LLA23 E&P contract following the Corporations Labrador oil discovery late in 2012.

Tags: Canacol Energy Inc.