Canacol Energy Ltd. is a Canada-based production and exploration company. The Company is engaged in petroleum and natural gas exploration. The Company is also engaged in the development activities in Colombia, Ecuador and Peru. The Company is engaged in the production of crude oil from its Leono, Labrador, Pantro, Tigro and Maltes fields in the Llanos Basin in Colombia; natural gas from its Nelson and Palmer fields in the Lower Magdalena Basin in Colombia; tariff oil from the Ecuador IPC, and to an extent, crude oil from its Rancho Hermoso, VMM-2 and Santa Isabel properties in Colombia. The Company is also engaged in the drilling of exploration well, Secoya Oeste, A001, located adjacent to the Libertador and Atakapa light oil fields in the Oriente Basin.