Canacol flows gas from Palmer find

Palmer production: Canacol plans to tie in Colombia gas discovery

Colombia-focused explorer to tie in Lower Magdalena discovery

Colombia-focused Canacol Energy has flowed 2730 barrels of oil equivalent per day of dry gas from its Palmer 1 discovery in the Lower Magdalena basin.

The explorer has hired an auditor to prepare a reserves report on the find, which was made the Esperanza E&P contract gained under the company’s 2012 acquisition of Shona Energy.

Toronto-listed Canacol plans to further test the Cienaga de Oro sandstone reservoir’s deliverability before tying the probe into its Jobo gas processing facility five kilometres to the east.

Later this year a further two exploration probes are planned on the block, Corozo 1 and Canandonga 1.

Two drill locations to appraise and develop the Palmer discovery have also been lined up for drilling early next year subject to permitting.

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