Amerisur Resources announced a new strategic alliance with Occidental Andina LLC, an affiliate of Occidental Petroleum Corporation to develop key exploration blocks in Colombia. The companies announced big investments in Colombia for the coming years.
Gas Natural Fenosa changed its name to Vanti recently and the company has big plans for the natural gas sector in Colombia. Rodolfo Anaya Abello, President of Vanti, spoke about the firm’s goals and expectations in Colombia.
The results for Colombia-focused companies are published, so we updated our statistics on oil prices and netbacks. It was not a great quarter but not a bad one either. As always, individual results may vary; we are looking at Colombian averages.
Frontera Energy (TSX: FEC) announced its financial and operating results for 3Q2018. The company reported a decrease in oil production but managed to report a positive net income in the quarter. The firm announced changes to the composition of its Board of Directors and FEC plans to drill several wells in Colombia during 4Q18.