Oil – Canacol Energy Ltd (TSX:CNE, BVC:CNEC) announced that it has entered into a credit agreement in the amount of US $140 million senior secured 5-year loan with a group of banks led by Credit Suisse along with Citibank, Corpbanca, and Export Development Canada.
Oil – Bloomberg reported that Canacol Energy Ltd. shares went up 1.7% in Bogota after gaining 3.4%, reaching its highest level since November 2, after it announced an oil discovery in central Colombia.
Oil – Canacol Energy Ltd. (TSX:CNE) provided an update on its 2012 exploration programs in Colombia, commenting that its plans include targeting conventional light and heavy oil — along with non-conventional light oil — by drilling nine exploration wells.
Oil – Canacol Energy Ltd. (TSX:CNE) announced that for the fiscal year ended June 30, 2012, total proven reserves plus deemed volumes at its Colombian and Ecuadorian assets increased to 10.5 million barrels, 98 percent more than the previous year.
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