July 12 (Reuters) - Canacol Energy Ltd CNE.TO
* Provides production and operations update: average cash
sales of 19,521 boepd for the months of May and June 2016
* Estimates that average net before royalty oil and gas
sales for 2016 will range between 16,000 and 17,000 boepd
* Estimates that average net before royalty oil and gas
sales for 2016 will range between 16,000 and 17,000 boepd
* Corporation plans to spud Nispero 1 exploration well
during week of July 18, 2016.
* Total realized contractual gas sales and oil sales are
anticipated to total between 18,500 and 19,000 boepd from May 1
until year end
* Canacol anticipates Colombian oil production to average
approximately 2,300 bopd, ecuador oil production of about 1,300
bopd in 2016
* To make no significant investments in drilling of oil
production and exploration portfolios until pricing stabilizes
* Total corporate ebitdax is anticipated to be approximately
$ 135 million for calendar 2016
* Estimates that average net before royalty oil and gas
sales for 2016 will range between 16,000 and 17,000 boepd
Source text for Eikon: ID:nMKWkp8Kja
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