Canacol Energy

Canacol Energy is an international oil production and exploration company with operations located onshore in Colombia, Guyana, and Brazil.  Canacol has interests in 15 exploration and production contracts that consist of a stable set of proven oil producing assets and a very large exploration inventory of conventional oil prospects.  From its inception in 2008, the Corporation has assembled an exploration portfolio that exposes shareholders to over 10 billion barrels of net unrisked conventional oil in place.  The Corporation has made two significant conventional oil discoveries in Colombia to date, the Capella heavy oil discovery in 2008, and the Rancho Hermoso new pool discovery in 2009.

Canacol's strategy is to drill up its low risk producing assets in Colombia to increase production and cash flow, and to execute a significant conventional oil exploration program through 2012 to test over 10 billion barrels of net unrisked conventional oil in place.  Canacol is a qualified operator in both Colombia and Brazil, which enables the Corporation to participate as operator in regularly scheduled exploration and marginal field bid rounds, and directly negotiate exploration contracts with government entities.

The Corporation's common stock trades on the Toronto Stock Exchange and the Colombia Stock Exchange under ticker symbol CNE and CNEC, respectively.