09:52 AM EST - Canacol Energy Ltd. : announced the start of its heavy oil exploration drilling program on its Tamarin and Cedrela Exploration and Production contracts located in the Caguan - Putumayo Basin in Colombia. The Corporation has 100% working interest and is operator of both contracts, which represent approximately 388,000 net acres. The Corporation plans to drill two stratigraphic wells, one on each of the Tamarin and Cedrela contracts, in a back-to-back drilling campaign that will commence in mid July 2011. Canacol Energy Ltd.
shares T.CNE are trading up $0.02 at $1.12.
