11:33 AM EST - Canacol Energy Ltd. : announced the start of its heavy oil exploration drilling program on its Portofino and Cedrela Exploration and Production contracts located in the Caguan - Putumayo Basin in Colombia. The Corporation has a 100% working interest and is operator of the Cedrela, Sangretoro, and Tamarin contracts, which represent approximately 773,070 net acres, and a 40% working interest in the Portofino contract, which represents approximately 103,472 net acres. Canacol Energy Ltd.
shares T.CNE are trading down $0.01 at $0.55.