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Canacol Energy aims to boost spending on natural gas

Wednesday, February 25, 2015


Canacol Energy will focus this year’s spending on boosting natural gas production in Colombia, and expects domestic prices to rise further as demand starts to outstrip supply.

The explorer, which operates from Bogota, will trim 2015 expenditures so its “budget is supported by cash-flow from production,” said chief executive Charle Gamba.




Source: Bloomberg