guys we have to keep an eye on CNE as it started to drill close to us. A good result will derisk the area.

From their nr today


Labrador Prospect (LLA23 Contract - 80% operated working interest)

The Corporation spud the Labrador prospect well, which is located approximately 5 kilometers directly north of the Rancho Hermoso Field, on October 30, 2012 after a lengthy delay related to heavy rains experienced in the Llanos Basin for the first half of October 2012. The exploration well is planned be drilled to a total depth of approximately 11,200 ft md and will take approximately 20 days to drill. This exploration well is targeting potential light oil resources in the same prolific reservoirs currently producing from the Rancho Hermoso Field immediately to the south. The Corporation has also completed the acquisition of an additional 31 square kms of 3D seismic on the northern part of the contract, where two well- developed leads have been identified on the basis of the existing 2D seismic along the same Rancho Hermoso fault trend. Canacol anticipates drilling a number of these prospects in 2013.