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BRIEF-Canacol Energy Provides 2020 Guidance

Published 2019-12-17, 07:13 a/m
© Reuters.  BRIEF-Canacol Energy Provides 2020 Guidance
CNE
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Dec 17 (Reuters) - Canacol Energy Ltd CNE.TO :

* CANACOL ENERGY LTD. PROVIDES 2020 GUIDANCE

* CANACOL ENERGY LTD SAYS 2020 CAPITAL BUDGET IS US$114 MILLION WHICH WILL BE FULLY FUNDED FROM EXISTING CASH AND 2020 CASH FLOW

* CANACOL ENERGY LTD SAYS 2020 EBITDA FORECAST TO BE APPROXIMATELY US$265 MILLION

* CANACOL ENERGY LTD - FORECAST GAS SALES, WHICH INCLUDE DOWNTIME, ANTICIPATED TO AVERAGE 205 MMSCFPD FOR 2020 AT AN AVERAGE WELLHEAD PRICE OF $4.80/MCF

* CANACOL ENERGY LTD - WELLHEAD NETBACK, AFTER OPEX AND ROYALTIES, IS ANTICIPATED TO AVERAGE APPROXIMATELY $3.80/MCF IN 2020

* CANACOL ENERGY LTD - SEES 2020 TOTAL CAPITAL EXPENDITURES US$ 114 MILLION

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