Canacol Energy Ltd

(CNE)

Canacol Energy Ltd. is an international oil and gas company with operations focused onshore in Colombia and Ecuador. Canacol has interests in 23 exploration and production contracts that consist of proven oil producing assets and a large exploration inventory of conventional oil prospects. From its inception in 2008, the Corporation has assembled an exploration portfolio that exposes shareholders to over 10 billion barrels of net unrisked conventional oil in place. The Corporation has made two significant conventional oil discoveries in Colombia to date: the Capella heavy oil discovery in 2008, and the Rancho Hermoso new pool discovery in 2009.

Canacol's strategy is to drill up its development assets in Colombia to increase production and cash flow, and to execute a significant conventional oil exploration program through 2013 to test over 10 billion barrels of net unrisked conventional oil in place. Canacol is a qualified operator in Colombia, which enables the Corporation to participate as operator in regularly scheduled exploration and marginal field bid rounds, and directly negotiate exploration contracts with government entities.

The Corporation's common stock trades on the Toronto Stock Exchange and the Colombia Stock Exchange under ticker symbol CNE and CNE.C, respectively.