09:55 AM EST - C&C Energia Ltd. : provided an operations update on its current activities in Colombia. Current production levels are approximately 10,500 barrels of oil per day ("bopd") and average production for the first quarter was approximately 10,350 bopd. 2012 production remains forecast to be between 10,000 and 10,500 bopd generating approximately $160 million in after tax cash flow for the year, based on an expected realized price of approximately $90.00 per barrel. As at February 29, C&C Energia realized an average price of $109.88 on its sales generating operating netbacks of approximately $62.00 per barrel and had adjusted working capital of approximately $81.5 million. C&C Energia Ltd.
shares T.CZE are trading down $0.09 at $7.42.
