Canacol Energy Ltd.（“Canacol”或“公司”）很高兴提供有关新发现的 Chontaduro 1 天然气的以下信息。

Chontaduro 1 获得 123 英尺的净天然气支付

Chontaduro 1 探井位于 100% 运营的 VIM21 勘探和生产 (“&P”) 合同中，于 2024 年 4 月 2 日开钻，总深度达到 9,625 英尺于 2024 年 4 月 8 日测量深度（“t MD”）。该井在主要 Cienaga de Oro (“DO”) 砂岩储层内遇到了 123 英尺的净气层真实垂直深度，平均孔隙度为 21%。

CDO 储层在 279 英尺的 MD 间隔内进行射孔，并将井与 Jobo 天然气处理设施相连。该井以每天 500 万标准立方英尺（“MMscfpd”）的产量开始，持续 2 小时，节流孔为 29/128 英寸，THP 为 2290 psi。速率增加至 8 MMscfpd，持续另外 2 小时，扼流圈为 30/128。在 5 小时内，速率以 1 MMscfpd 的增量增加，直至达到 12 MMscfpd。最终速率为 36/128 英寸，THP 为 2260 psi。在过去 29 小时内，该井继续以 12 MMscfpd 的速度生产，THP 稳定为 2260 psi。

该公司目前正在滑移钻机钻探 Chontaduro 2 评价井，目标是 Chontaduro 发现南部的 CDO 砂岩储层。 Chontaduro 2 将于 2024 年 4 月 18 日开钻，钻探和完成大约需要 3 周时间。

Canacol Energy Ltd. ("Canacol" or the "Corporation") is pleased to provide the following information concerning the new Chontaduro 1 gas discovery.

Chontaduro 1 encounters 123 feet of net gas pay

The Chontaduro 1 exploration well, located on the 100 percent operated VIM21 Exploration and Production (“E&P”) contract, was spud on April 2, 2024, and reached a total depth of 9,625 feet measured depth (“ft MD”) on April 8, 2024. The well encountered 123 feet true vertical depth of net gas pay with average porosity of 21 percent within the primary Cienaga de Oro (“CDO”) sandstone reservoir.

The CDO reservoir was perforated over a 279 ft MD Interval and the well tied into the Jobo gas treatment facility. The well started at a production rate of 5 million standard cubic feet per day ("MMscfpd") for 2 hours at a choke 29/128” and a THP of 2290 psi. The rate was increased to 8 MMscfpd for another 2 hours with the choke at 30/128. The rate was increased increments of 1 MMscfpd over a period of 5 hours and the choke until it reached 12 MMscfpd. The choke at the final rate was 36/128” and a THP of 2260 psi. The well continues to produce at a rate of 12 MMscfpd over the past 29 hours with a stabilized THP of 2260 psi.

The Corporation is currently skidding the rig to drill the Chontaduro 2 appraisal well, targeting the CDO sandstone reservoir in the southern part of the Chontaduro discovery. Chontaduro 2 will spud on April 18, 2024, and will take approximately 3 weeks to drill and complete.