Canacol Energy Ltd - Calgary

“In 2012 we made a strategic shift towards onshore gas exploration in Colombia, realizing that an emerging shortage of natural gas would create a situation where demand would eventually outstrip supply.  We identified the Lower Magdalena Basin as a gas rich, underexplored basin connected via pipelines to large and growing gas consumption centers located on the Caribbean coast. We acquired a number of gas exploration blocks via acquisitions and exploration bid rounds, and in 2014 consolidated our position as the largest exploration land holder in the basin. Via our successful exploration drilling programs, and our ability to efficiently commercialize new gas reserves, we have substantially grown our reserves & production over the years with industry leading success rates and low F&D costs. With a future drilling inventory consisting of 178 identified prospects and leads targeting approximately 20.5 Tcf of new prospective natural gas resources³, we are positioned to continue to grow production and reserves well into the future.”

We take our environmental, social, and governance (ESG) responsibilities very seriously. We are committed to continue strengthening our ESG strategy and reporting, ensuring industry leading results for our stakeholders. We are committed to reduce our carbon footprint, contributing to global efforts and commitments to counteract climate change.  We are also conscious of the importance of clean and abundant water and will continue to adopt and promote initiatives to ensure the protection and preservation of water sources in our areas of operation.  We believe our people are the key to long-term success, which is why we have focused on attracting and retaining industry leading talent, and why we hold ourselves to the highest standards of sustainability.