News and AnalysIs for

Canacol Energy (TSX: CNE) announced its mid-year Reserves report with good results in blocks located in the Lower Magdalena Valley (VIM) Basin in Colombia.  The firm highlighted that this is a result of its drilling program in the country.

The Minister of Mines and Energy (MinMinas), German Arce, spoke about the development of successful projects that have been possible thanks to the presence of the industry in Colombia. These and other stories in our periodic Royalties summary.

The National Hydrocarbons Agency (ANH) and the Ministry of Mines (MinMinas) held an event to give a “Recognition of Significant Experiences of Environmental and Social Management” in the Ministry’s broad areas of responsibility. HCC was present at the event and we bring a brief summary of the meeting.

Ecopetrol (NYSE:EC) and Equion spoke about different social investment projects that were developed in their areas of influence, highlighting positive results. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Before the end of the year, the firm expects to bring natural gas service to 25,000 new users in the five departments where it is now present, said CEO Jairo de Castro.

Late yesterday afternoon, Parex (TSX:PXT) issued a press release announcing that the Board of Directors had decided to “initiate a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.”

Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.

Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended June 30, 2018 (“2Q2018”). The company reported good production performance and successful drilling activities in the Llanos 34 block during this quarter.

Eric Flesch Santoro was appointed by Promigas’ Board of Directors as the new president of the company, a position that he will occupy as of September 1^st, 2018.

The NOC spoke about successful social investment projects in Santander, Putumayo and Meta. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.