Canacol Energy Ltd. reported sales results for the month of November 2023. For the month, the company reported realized contractual natural gas sales (which are gas produced, delivered, and paid for) were 169 million standard cubic feet per day for November 2023. Gas sales during the month of November were impacted by high reservoir levels and related hydroelectric power generation due to heavy rainfall which reduced the demand for gas for thermoelectric power generation.

The last week of November saw a fall in reservoir levels related to less rainfall and a related increase in thermoelectrical power generation and gas consumption. Reservoir levels continue to fall into December due to lower rainfall.