Canacol Energy Ltd. is a natural gas exploration and production company producing approximately 17% of the country’s domestic natural gas supply. The Company and its subsidiaries are primarily engaged in natural gas exploration and development activities in Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). Its gas fields are produced from the Cienaga de Oro and Porquero reservoirs that are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. It has three gas processing and treatment facilities. It operates over 1.9 million net acres in 10 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins.