Canacol Energy Ltd. provides the following update related to its production and drilling operations in Colombia and Ecuador. The Corporation has recently brought the first 2 of its 9 planned production wells for 2013 on stream: Labrador 2 at its 80% operated working interest Labrador oil discovery on the LLA 23 Exploration and Production (E&P) Contract in Colombia, and Secoya 44D at its 25% non-operated Libertador - Atacapi oil fields in Ecuador.

The Labrador 2 well tested at a stable gross rate of 1,618 barrels of oil per day (bopd) (1,294 bopd net) before royalty on May 18, 2013. The Secoya 44D well came on production at a gross rate of 968 bopd (242 bopd net) on May 15, 2013.

For the month of April, 2013, average net Corporate production before royalties was approximately 7,500 barrels of oil equivalent per day (boepd) which consisted of approximately 4,600 bopd and approximately 17 million standard cubic feet per day (mmscf/d) (2,900 boepd) of gas.

Tags: Canacol Energy Inc.