Canacol Energy Ltd. says that Oboe 1, an appraisal well drilled in its Clarinete gas field on the VIM 5 Exploration and Production Contract, has tested at a maximum rate of 26 million standard cubic feet per day ('mmscfpd') (4,561 barrels of oil equivalent 'boepd') of dry gas with no water from the Cienaga de Oro ('CDO') reservoir.

This flow test is the first of three separate tests planned on three separate gas bearing reservoir intervals within the CDO reservoir encountered in the Oboe 1 well.

Tags: Canacol Energy Ltd