Canacol Energy not in talks with Ecopetrol over gas assets -chief executive

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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonBOGOTA - Canada's Canacol Energy has not had any discussion with Colombia's majority state-owned oil company Ecopetrol regarding a transaction over its gas assets in the Andean country, Chief Executive Charle Gamba said on Friday.

Gamba was referring to comments made earlier this week by Ecopetrol's CEO Ricardo Roa, who said the Colombian company was analyzing the potential to incorporate Canacol Energy's assets in its own portfolio.On Wednesday, Roa said Ecopetrol was considering buying the Canadian company's gas assets amid the growing concern that Colombia will lose gas self-sufficiency in five years.

"I would like to formally state that we have not had any discussions with Ecopetrol at all about a corporate transaction or any other transaction," Gamba said during an earnings call, according to a statement shared by a company spokesperson. Canacol Energy has not held any other discussions with any other company or bank regarding possible transactions, he added.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.

 

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