Friday 21 August 2009

Canacol Commissions Reserve Report for Capella

Canacol Energy (10% holder of Emerald's Ombu block) has commissioned a reserves report for the Capella field to be carried out to the standards appropriate for its Canadian Listing.

The results are expected during September 2009.

http://www.theenergynews.com/news/article.php?storyid=33493&ftptype=1

If these results are better than expected, one may speculate that a counter bid for Emerald may become more likely.

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