The Calgary-based company posted a 50% decline in petroleum and natural gas revenues for the fourth quarter, at $27.3 million.
Funds from operations dropped a massive 88% to $2.9 million, mainly due to a production decline at the Rancho Hermoso field in the Llanos basin, Colombia.
Canacol recorded a net income of $3.1 million and a net loss of $3.08 million for the six month period from July to December 2012.
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