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Canacol Energy Ltd.

10:23 AM EST - Canacol Energy Ltd. : announced that it has entered into a definitive agreement with Sintana Energy Inc. ("Sintana"), the South American operations subsidiary of Drift Lake Resources Inc., to farm out 30% of its 100% operated working interest on the COR 11 and COR 39 Exploration and Production Contracts located in the Upper Magdalena Basin of Colombia. The Corporation was awarded a 100% operated working interest in the E&P Contracts in February 2011 by the Agencia Nacional de Hidrocarburos. Canacol Energy Ltd. shares T.CNE are trading down $0.02 at $0.83.