Canacol Energy Ltd.

10:26 AM EST - Canacol Energy Ltd. : Provided the results of the Nelson 13 well along with the Corporations drilling plans for 2019. The Nelson 13 well is the Corporations 7th well drilled into its Nelson gas field, which was discovered in 2011. Using the Pioneer 302 drilling rig, Nelson 13 was spud on December 4, 2018, and reached a total depth of 9,234 feet measured depth in 21 days. The well encountered 104 feet true vertical depth (“ft TVD”) of net gas pay with average porosity of 26% within the productive shallow Porquero sandstone reservoir, and 162 ft TVD of net gas pay within the deeper productive CDO sandstone reservoir. The resulting 266 feet of net gas pay represents the thickest gas pay encountered in any of the Corporations wells drilled to date on any of its blocks in the Lower Magdalena Valley basin. Canacol Energy Ltd. shares T.CNE are trading up $0.09 at $4.31.