Dec. 2, 2013, 10:11 AM
- Canacol Energy (CAAEF +9.7%) says its Leono 1 exploration well drilled in the Llanos Basin of Colombia encountered 133 feet of net oil pay within four different reservoirs, and is preparing to conduct a series of production tests on the discovery.
- CEO Charle Gamba says Leono is the second wildcat discovery on the Llanos Basin LLA23 block after 2012’s Labrador find, adding that “the thickness of the net oil pay section at Leono 1 is approximately twice that of Labrador.”
Jul. 18, 2013, 2:23 PMCanacol Energy (CAAEF.PK +3.1%) rises for a second straight session on more than triple the average 10-day volume. In an article published Wednesday and out of embargo today, SA Pro contributor Caiman Valores called the stock "a deep value investment [trading] at a significant discount to net-asset-value … offering investors potential upside of 60%." | Comment!
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