tiprankstipranks
Canacol Energy Optimizes 2024 Drilling, Expects Strong EBITDA
Company Announcements

Canacol Energy Optimizes 2024 Drilling, Expects Strong EBITDA

Story Highlights

Canacol Energy (TSE:CNE) has released an update.

Don't Miss our Black Friday Offers:

Canacol Energy Ltd. has updated its 2024 capital program, maintaining its expenditure at $138 million while increasing the number of wells to be drilled to eleven. The company expects its 2024 EBITDA to fall within the mid to high range of the previously forecasted $250 to $290 million. Despite abandoning the non-commercial Cardomomo-1 well, Canacol has successfully drilled five wells now in production and plans to continue its drilling program with three appraisal and two exploration wells.

For further insights into TSE:CNE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskCanacol Energy’s 2024 Financial Report Highlights
TipRanks Canadian Auto-Generated NewsdeskCanacol Energy Reports Strong Q3 2024 Financial Results
Brian AndersonCanacol Energy Ltd. (CNNEF) Q3 Earnings Cheat Sheet
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App