Canacol Energy Ltd. provide an operations update related to its production activities in Colombia and Ecuador.

Average net production before royalty for the months of January and February 2013 was 7,843 barrels of oil equivalent per day (boepd). Average crude oil production was 4,835 barrels of oil per day (bopd) of which only 127 bopd was tariff production from the Rancho Hermoso field.

Average gas production from the Nelson field was 3,008 boepd (17.1 million standard cubic feet per day)(mmscfpd). Current net corporate production before royalty as of March 4, 2013 was 8,249 boepd, which consists of 5,260 bopd of crude oil and 3,169 boepd (18 mmscfpd) of gas.

All tariff producers at the Rancho Hermoso field have been successfully converted to net royalty interest (non-tariff) producers. The Corporation reiterates its production guidance of between 7,500 and 8,500 boepd of net production before royalties for calendar 2013.

Tags: Canacol Energy Inc.