News and AnalysIs for

Canacol Energy Ltd. (TSX: CNE) announced the following information concerning the new Pomelo 1 gas discovery.

NG Energy International Corp. (TSXV: GASX) announced its capital budget for the fiscal year ended December 31, 2024 and provided its production expectations for 2024.

Throughout Colombia’s recent history, the role of propane in the quest for energy transition and overcoming access barriers for the country’s most vulnerable populations, located in both urban and remote rural areas, has been evident.

Subsidies on fuel have been a recurring theme in Colombia for decades, with a history dating back 50 years.

Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá (GEB), published its results for the fourth quarter of this year.

Canacol Energy (TSX: CNE), amidst market uncertainty regarding its operations, reassured stakeholders of its strong liquidity position and commitment to debt repayment.

The Constitutional Court received a proposal from Minister of Finance (MinHacienda) Ricardo Bonilla outlining four ways to mitigate the effects of a ruling that overturned the prohibition on extractive companies deducting royalties from income tax.

Former congressman Jorge Enrique Robledo made waves at the Ecopetrol (NYSE: EC) shareholders’ assembly by challenging the agenda and proposing changes he believes are essential to prevent further financial losses for the company’s shareholders.

Another month of low press activity – one more than February with two more days – and another ride on the rollercoaster although we moved neither closer nor further away from peace by the end. Both the ELN and alias Mordisco processes came off-the-rails during March and both also were righted by Easter. However, the ExFarc / Mordisco negotiations remain on very shaky ground with the ceasefire suspended and the Army preparing to dislodge the dissident leader’s gang from Jamundí.

Campetrol reported its oil production estimate for January 2024 in Colombia.