Canacol Energy Ltd. Provides Corporate Update
CALGARY, Alberta, May 27, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to provide the following update regarding scheduled interest payment, termination of Fitch Ratings coverage, and exploration drilling program.
- CALGARY, Alberta, May 27, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to provide the following update regarding scheduled interest payment, termination of Fitch Ratings coverage, and exploration drilling program.
- On May 24, 2024, Canacol paid its scheduled semi-annual interest payment of US $14.375 million on its November 2028 Senior Notes.
- On Tuesday, May 21, 2024, the Corporation informed Fitch Ratings that it was terminating its contract for the provision of ratings coverage.
- Given success, the Cardamomo field will be tied into the Alboka flowline located approximately 12 kilometers to the south.