Canacol Energy Ltd.（“Canacol”）（TSX：CNE；OTCQX：CNNEF；BVC：CNEC）很高兴提供以下有关出售其在 Arrow Exploration Corp 股份、天然气销售和钻井业务更新的最新信息。

Arrow 股份处置
2024 年 4 月 26 日，Canacol 通过伦敦证券交易所 AIM 市场出售了其在 Arrow Exploration Corp. 中持有的全部 60,072,807 股股票，总收益约为 1,380 万美元。

天然气销售更新
2024 年第一季度已实现的合同天然气销售量（生产、交付和支付的天然气）平均为每天 1.504 亿标准立方英尺 (“Mscfpd”)。

4 月份天然气销售量1 月至 4 月 15 日平均约为 150 MMscfpd。 4月16日至4月28日期间的天然气销售量平均约为164 MMscfpd，最新销售日期为168.5 MMscfpd。

Chontaduro 2 获得 88 英尺的净天然气支付
Chontaduro 2 评价井位于 100% 运营的 VIM21 勘探和生产 (“&P”) 合同中，于 2024 年 4 月 18 日开钻，总深度达到 10,026 英尺测量深度于 2024 年 4 月 27 日。该井在主要 Cienaga de Oro (“DO”) 砂岩储层目标范围内遇到了 88 英尺的净气层真实垂直深度，平均孔隙度为 23%。

该井目前正在 CDO 油藏内完成，预计将在一周内以 10 至 12 MMscfpd 的速度实现永久生产。

Canacol Energy Ltd. ("Canacol") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following update regarding the sale of its share holdings in Arrow Exploration Corp, gas sales and drilling operations update.

Arrow Share Disposition
On April 26, 2024, Canacol sold its entire holdings in Arrow Exploration Corp. of 60,072,807 shares for gross proceeds of approximately US $13.8 million, via the AIM market of the London Stock Exchange.

Gas Sales Update
Realized contractual natural gas sales (which are gas produced, delivered, and paid for) averaged 150.4 million standard cubic feet per day (“MMscfpd”) during the first quarter of 2024.

Natural gas sales for the period of April 1 to April 15 also averaged approximately 150 MMscfpd. Natural gas sales for the period of April 16 to April 28 averaged approximately 164 MMscfpd, with the latest sales date being 168.5 MMscfpd.

Chontaduro 2 Encounters 88 Feet of Net Gas Pay
The Chontaduro 2 appraisal well, located on the 100 percent operated VIM21 Exploration and Production (“E&P”) contract, was spud on April 18, 2024, and reached a total depth of 10,026 feet measured depth on April 27, 2024. The well encountered 88 feet true vertical depth of net gas pay with average porosity of 23 percent within the primary Cienaga de Oro (“CDO”) sandstone reservoir target.

The well is currently being completed within the CDO reservoir and is expected to be tied into permanent production at a rate of between 10 and 12 MMscfpd within one week.