Canacol Energy Ltd. announced The Chontaduro 2 appraisal well, located on the 100% operated VIM21 Exploration and Production (E&P) contract, was spud on April 18, 2024, and reached a total depth of 10,026 feet measured depth on April 27, 2024. The well encountered 88 feet true vertical depth of net gas pay with average porosity of 23% within the primary Cienaga de Oro (CDO) sandstone reservoir target. The well is currently being completed within the CDO reservoir and is expected to be tied into permanent production at a rate of between 10 MMscfpd and 12 MMscfpd within one week.