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BRIEF-Canacol Energy Ltd. Provides 2019 Gas Sales And Capital Guidance

Published 2018-12-17, 09:49 a/m
© Reuters.  BRIEF-Canacol Energy Ltd. Provides 2019 Gas Sales And Capital Guidance
CNE
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Canacol Energy Ltd CNE.TO :

* CANACOL ENERGY LTD. PROVIDES 2019 GAS SALES AND CAPITAL GUIDANCE

* CANACOL ENERGY LTD - CORPORATION ANNOUNCES THAT ITS 2019 CAPITAL BUDGET IS US$ 119 MILLION

* CANACOL ENERGY LTD - 2019 CAPITAL BUDGET WILL BE FULLY FUNDED FROM EXISTING CASH AND 2019 CASH FLOW

* CANACOL ENERGY - OIL SALES SEEN TO AVERAGE ABOUT 400 BARRELS OF OIL PER DAY UNTIL SUCH TIME AS CO DISPOSES OF ITS INTEREST IN RANCHO HERMOSO OIL FIELD

* CANACOL - FORECAST REALIZED CONTRACTUAL GAS SALES FOR 2019, INCLUDING DOWNTIME, ANTICIPATED TO AVERAGE ABOUT 179 MILLION STANDARD CUBIC FEET PER DAY

* CANACOL ENERGY - BASED ON PORTFOLIO OF 2019 GAS CONTRACTS, AVERAGE SALES PRICE, NET OF TRANSPORTATION COSTS WHERE APPLICABLE, IS ABOUT US$ 4.75/MCF.

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