Canacol Energy Ltd. announced that it has completed the drilling of the Pandereta 10 development well which encountered 122 feet of net gas pay within the Cienaga de Oro (?CDO?) sandstone reservoir. The well was tied into the Jobo facility and brought on production at the end of November. The rig is currently drilling the Nelson 16 development well which is expected to be completed and tied in by the end of December 2023.

The Corporation will then drill the Nelson 17 development well, which it expects to be completed and tied into production by the third week of January 2024.