11:56 AM EST - Canacol Energy Ltd. : provided an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia. The Corporation has completed the drilling and casing of the Rancho Hermoso 14 development well. The RH 14 well has been placed on permanent production from the Ubaque reservoir at a stabilized gross rate of 7,666 barrels of oil per day (1,916 bopd net to Canacol). The RH 14 well encountered 125 feet of net oil pay within five different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los Cuervos-Barco, Guadalupe, and Ubaque. Canacol Energy Ltd.
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