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Ecopetrol Strikes Oil In La Paz Formation, Puerto Wilches, Santander

Colombian petroleum company Ecopetrol (NYSE: EC, BVC: ECO) has announced today that its exploratory well Flamencos-1 in Puerto Wilches, Santander, has encountered oil in the La Paz formation. The Ecopetrol well reached a depth of 8,561 feet (2,620 meters) and penetrated the La...
Posted On October 16, 2019
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Figure 3: Underground Channel Sampling Results from the Southwestern Portion of the Yaraguá System, Sublevel 1190
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Continental Gold Announces Sampling Results From Additional Drilling: More High Grade Gold & Silver

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced high-grade channel sampling assay results from six development drifts being prepared as part of the underground construction at its Buriticá project in Antioquia, Colombia. Development of the Buriticá project remains on...
Posted On October 15, 2019
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Frontera Energy To Announce Q3 Results, Colombia Production Remains Steady

Frontera Energy Corporation (TSX: FEC) has delivered estimated third quarter 2019 production of 70,200 boe/d (barrels of oil equivalent per day) in-line with 2019 year to date production of 70,820 boe/d, both of which are above the high end of Frontera’s annual production...
Posted On October 15, 2019
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Ecopetrol: Asphalt Sales Surge 47% Over 1H 2018

Colombian petroleum company Ecopetrol (NYSE: EC, BVC: ECO) has announced that for the first half of 2019, asphalt sales have reached 212,888 tons, representing an increase of 47% over the same semester of 2018, and the highest amount in the past 3 years. The company attributes...
Posted On October 15, 2019
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Gran Colombia Gold Announces Updated Mineral Resource Estimate and Preliminary Economic Assessment for Its Marmato Project

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has completed an updated Mineral Resource estimate for its Marmato Project prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by...
Posted On October 15, 2019
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Continental Gold Begins Deepest 1.6 km Drill At Buriticá, Construction On Schedule

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has commenced drilling a deep diamond drill hole from the Higabra tunnel elevation at its Buriticá project in Antioquia, Colombia. The planned 1,600-meter hole has been designed to test for gold and copper mineralization within a known...
Posted On September 30, 2019
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Frontera Energy & CGX Energy Announce Conversion of Bridge Loan

CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced last week that Frontera has elected to convert the principal amount outstanding (US$8.8 million) under its bridge loan facility due September 30, 2019. As previously announced, the principal amount...
Posted On September 30, 2019
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Royal Road Minerals Gains Concessions In Caldas & Risaralda, Colombia

Toronto based Royal Road Minerals Limited (TSXV:RYR), a gold and copper focused mineral exploration and development company, has announced that by way of its recently completed purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited, it has...
Posted On September 30, 2019
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Gran Colombia Gold Reports Production Up 8%

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 18,710 ounces of gold in August bringing the total for the first eight months of 2019 to 155,359 ounces, up 8% over the first eight months of 2018. Gran Colombia’s trailing 12 months’...
Posted On September 12, 2019
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Continental Gold Closes Stream Transaction with Triple Flag Mining Finance

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced the closing of the previously-announced US$100 million gold and silver stream transaction with Triple Flag Mining Finance Bermuda Ltd. Proceeds from the stream will be used for general and working capital purposes and...
Posted On August 13, 2019
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Frontera Energy Wins Petroleum Exploration Rights For Colombia’s Llanos-99 Block

Frontera Energy Corporation (TSX: FEC) has announced that it was awarded the Llanos-99 block in Colombia following the successful Agencia Nacional de Hidrocarburos (ANH) bid round. This is the first new round of exploration licenses in Colombia in the past five years. The...
Posted On August 13, 2019
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Gran Colombia Gold Produces 118,483 Ounces of Gold in H1 2019, Up 12%

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) has announced that it produced a total of 18,882 ounces of gold in June bringing the total for the second quarter of 2019 to 57,882 ounces, up 9% over the second quarter of 2018. For the first half of 2019, the company produced a...
Posted On August 5, 2019
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Eric Sprott To Take $25 Million USD Stake In Continental Gold

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) announced today that Canadian Billionaire Eric Sprott has agreed to purchase 10,645,200 common shares of the company at a price of $3.10 Canadian dollars per share, representing a 2.9% discount to the five-day volume weighted average...
Posted On June 24, 2019
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Unido Digital Launches Global Physical Due Diligence Service For Institutional Investors, Auditors, Investment Banks

Medellín based professional services firm Unido Digital has launched a physical asset due diligence, compliance and verification practice to service the investment community, including investment banks, private equity firms, law firms, corporate investors, and high-net-worth...
Posted On June 16, 2019
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Continental Gold Announces Up To 25.11 g/t Gold Equivalent Sampling Results at Buriticá

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has just announced high-grade channel sampling assay results from eight development drifts being prepared as part of the underground construction at its fully owned Buriticá project in Antioquia, Colombia. Development of the Buriticá...
Posted On June 15, 2019
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Colombia’s Auction for Petroleum Exploration Blocks Receives Historic 19 Bids From 7 Producers

After five years without any new signed hydrocarbons exploration and production contracts, Colombia’s ANH (National Hydrocarbons Agency) in charge of the allocation of oil fields for production, achieved a historic success rate of 55% of the areas offered. Two continental blocks,...
Posted On June 15, 2019
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Royal Road Minerals Lines Up Equity Financing To Purchase AngloGold Ashanti Colombia Assets

Toronto, Ontario based Royal Road Minerals Limited (TSXV:RYR) has announced that it has entered into an agreement with Canadian investment advisors Pollitt & Co. Inc. as its agent in connection with a proposed private placement offering of up to 40 million ordinary shares of...
Posted On May 20, 2019
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la cira infantas ecopetrol loan cash on hand
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Colombia’s House of Representatives Approves Hydraulic Fracturing (Fracking) Studies

Colombia’s house of representatives approved as part of its National Development Plan last week, authorization for the Ministry of Mines & Energy to study the possibility of introducing Hydraulic Fracturing, nicknamed “Fracking,” in Colombia. The unconventional petroleum and...
Posted On May 20, 2019
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Gran Colombia Gold Reports Record Quarterly Gold Production For Q1 2019

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced Thursday its first quarter 2019 results up to March 31, 2019, highlighting record breaking gold production and low production costs. In a written statement, the gold miner operating Marmato and Segovia gold mines in...
Posted On May 19, 2019
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Continental Finds Even More Gold In New Discovery At Its Buriticá Mine

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) yesterday announced high-grade assay results from the initial 12 holes drilled into BMZ4, a new discovery located in the eastern-most part of the Yaraguá system at its 100%-owned Buriticá project in Antioquia, Colombia. Continental...
Posted On May 16, 2019
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Photo credit: John Dickinson, Chorley UK
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Chevron Texaco Gets Regulatory Go-Ahead To Complete Purchase Of Primax Interest In Fuel Terminals In Colombia

Chevron Petroleum has received a green light from Colombia’s Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio) to purchase Peru-based Primax’s interest in their jointly owned petroleum terminals in the Cali suburb of Yumbo, and the Pacific port...
Posted On May 15, 2019
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New Research On Mature Oilfield Recovery Released

ARPEL recently launched the white paper “Systemic Approach to Improve Recovery Factors of Oil Resources,” which aims to share with various stakeholders options to improve the recovery factors of mature oil reservoirs in a systemic way. In particular, an evaluation was...
Posted On May 14, 2019
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gold zonte metals gran colombia gold eco oro mineral corp
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Royal Road Minerals Appoints Social/Environmental Expert Liz Wall To Board of Directors

Toronto based Royal Road Minerals Limited (TSXV:RYR) has announced the appointment of  social development and environmental specialist, Liz Wall to the Board of Directors. According to Royal Road, Wall has over twenty years of global experience assessing and addressing social and...
Posted On May 13, 2019
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1 Dead at Gran Colombia Gold’s Segovia Mine

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) reported today, expressing regrets that a miner has succumbed to injuries suffered in an accident at its Segovia Operations last Thursday when a cable on an elevator transporting 20 miners from level 8 to level 12 in the...
Posted On May 13, 2019
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Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Frontera Energy Output in Colombia up 4%

Petroleum producer Frontera Energy (TSX:FEC)has announced an increase in production to 65,560 barrels of oil per day , equivalent in the first quarter of 2019, up 4% from the same quarter last year. The Canada based company with operations in Colombia attributes the increase to...
Posted On May 12, 2019
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Continental Gold Announces Progress on Buriticá Mine Construction, 1st Gold Pour On Track For Early 2020

Today, Continental Gold (TSX:CNL OTCQX:CGOOF) shared a progress update with Finance Colombia and other news outlets. The Toronto based miner building the Buriticá gold mine near the town of the same name in Antioquia, Colombia announced that satisfactory progress is being made in...
Posted On March 27, 2019
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Continental Gold Obtains $175 Million USD in Financing from Newmont Mining & Triple Flag

Toronto based Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced that it has obtained a US$175 million financing package of US$75 million of unsecured convertible debentures issued to certain investors, including a US$50 million debenture from Newmont Mining Corporation...
Posted On March 19, 2019
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Ecopetrol Promotes José Cotello to President of Brazilian Subsidiary

Colombian petroleum producer Ecopetrol S.A. has announced that José Cotello, who had been serving as Regional Vice President Orinoquía (VRO) since 2015, was appointed as President of the Ecopetrol subsidiary in Brazil and will assume his new functions as of April 1, 2019. The...
Posted On March 19, 2019
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Frontera Energy Beats 2018 Guidance, Declares Dividend, Ups Stake In CGX

Frontera Energy (TSX:FEC) achieved or exceeded its original 2018 guidance targets, with the exception of production guidance where it achieved revised guidance. Average production before royalties of 71,032 boe/d (within guidance range of 70,000 to 72,000 boe/d), operating EBITDA...
Posted On March 19, 2019
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Gran Colombia Gold Seeks To Recover Venezuelan Assets

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced recently that it sees opportunity in the evolving changes in Venezuela to recover and develop its gold exploration assets that were nationalized in 2011, adding to its pipeline of Latin America-based projects which could...
Posted On March 12, 2019
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Royal Road Minerals Inks Deal To Purchase AngloGold Ashanti’s Colombian Exploration Assets

Royal Road Minerals Limited (TSXV:RYR), a Canadian mining operation trading on Toronto’s TSX Venture Exchange announced last week that it has entered into a definitive stock purchase agreement  with Compañía Kedahda Limited, an affiliate of AngloGold Ashanti Limited to...
Posted On March 12, 2019
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Figure 2 – Stope Areas 5 and 6 located in the Western Portion of the Veta Sur System at 1,593 RL
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Continental Gold Announces High-Grade Gold Channel Sampling Results from Stope Development Drifts at Buriticá Mine

Toronto based Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced high-grade assay results from 12 stope development drifts as part of the underground construction at its 100%-owned Buriticá project in Antioquia, Colombia. Development of the Buriticá project remains on...
Posted On March 12, 2019
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Colombia-Based Tecnoglass Announces Joint Venture with Saint-Gobain, New Glass Factory

Today, Tecnoglass Inc. (NASDAQ: TGLS), the largest Colombian manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, announced that it has entered into a joint venture agreement with French...
Posted On January 11, 2019
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Secures 10% Interest in Saturno Block in Brazilian Santos Basin

Shell, the operator of the exploration plan, and Chevron both hold a 45% interest in the block. With the deal, Ecopetrol now holds the remaining 10% stake.
Posted On December 21, 2018
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Felipe Bayón (second from the right) signed the contract today in Brasila. (Photo credit: Ecopetrol)
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Ecopetrol Formalizes Joint-Exploration Contract of Brazilian Santos Basin

BP will be the operator of the exploration and has a 50% holding in the block. CNOOC has a 30% interest, with Ecopetrol having rights to 20%.
Posted On December 17, 2018
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oil drilling (Photo credit: Moni49 / Pixabay)
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Arrow Exploration Corp. to Offload Partial Interest in VMM-2 Oil Block in Middle Magdalena Basin

Arrow Exploration will bring in $5 million USD by selling a 46.9% interest in what it refers to as the the "deeper section" of the block and a 20% interest in the "shallow section."
Posted On December 10, 2018
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oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)
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Frontera Energy Signs Agreement with CGX Energy for Interest in Exploration Blocks off the Coast of Guyana

"This joint venture forms an important part of Frontera's plans to build growth for the future,” said Gabriel de Alba, chairman of the board of directors of Frontera Energy.
Posted On December 10, 2018
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Ecopetrol Reficar Coking
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Fitch Ratings Raises Ecopetrol Credit Rating to BBB

"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.
Posted On December 8, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Halts Block 192 Production After Pipeline Disruption in Peru

Frontera Energy had been producing an average of roughly 8,950 barrels of oil per day from Block 192.
Posted On December 4, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Completes Consent Solicitation to Amend Indenture for 2023 Senior Notes

Frontera Energy said future moves "may include accelerating or increasing share buyback programs, dividend payments, and investments."
Posted On November 26, 2018
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Continental Gold President Mateo Restrepo Villegas Resigns

Restrepo, who joined the company in August 2015, will leave the Toronto-based company effective November 30.
Posted On November 26, 2018
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red eagle mining SANTA ROSA GOLD PROJECT san ramon gold mine
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Canadian Mining Firm Zonte Metals Secures $1.2 Million USD in Financing

Zonte Metals will use the funds for "working capital purposes" and to finance exploration at the Cross Hills Iron Oxide Copper Gold Property in Newfoundland and Labrador.
Posted On November 22, 2018
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ari sussman, continental gold
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Continental Gold Announces Test Drilling Results from Veta Sur System at Buriticá Mine

The results are "helping to verify the upper boundary of the mineral reserve envelope for the Veta Sur system,” said Ari Sussman, CEO of Continental Gold.
Posted On November 19, 2018
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oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)
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Frontera Energy Turnaround Continues with $45.1 Million USD in Net Income This Quarter

Frontera's oil-price hedges have now expired, and it believes that this will be a boon for future earnings as it tries to further move beyond its most trying financial times.
Posted On November 13, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Reports Big Jump with Profits of $866 Million in the Third Quarter Amid Surging Oil Prices

"We were able to capture the profit coming from the higher international oil prices," said Ecopetrol CEO Felipe Bayón.
Posted On November 10, 2018
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gold on quartz goldmining inc vancouver
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Fitch Ratings Upgrades Gran Colombia Gold’s Rating to B with Stable Outlook

The company’s "credit risk lies in 2020 and 2021, with an expected lower production profile and possibility for lower grades,” stated Fitch.
Posted On October 30, 2018
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nespresso cups (Photo credit: AJEL / Pixabay)
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Nespresso Kicks Off Pilot Weather Insurance Program in Colombia with Blue Marble Microinsurance

The parametric insurance policies cover higher-than-expected rain and drought during the periods of the year when coffee beans are young and most susceptible to weather shocks.
Posted On October 16, 2018
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continental gold colombia buritica
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Colombian Constitutional Court Rules Local Communities Cannot Ban Mining Projects Through Popular Referendum

Multiple municipalities have cast ballots overwhelmingly in favor of vetoing the right of corporations to mine nearby recently in a referendum practice known as a "consulta popular."
Posted On October 16, 2018
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(Photo credit: kuanish-sar / Pixabay)
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In Response to Air Quality Concerns, Ecopetrol Has Reduced Sulfur Content of Diesel Fuel Closer to U.S. Levels

The diesel Ecopetrol distributed across Colombia in September had an average of 17 parts per million, just north of the 15 ppm limit mandated in the United States.
Posted On October 14, 2018
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oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)
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Frontera Energy Discovers Oil at Acorazado-1 Exploration Well in Los Llanos

The find came at the Acorazado-1 exploration well and marked the Canadian oil company’s fourth discovery in 2018.
Posted On October 9, 2018
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President Felipe Bayón (left) and USO President César Loza (right) finalized the labor agreement at the Ministry of Labor in Bogotá today alongside Minister of Labor Alicia Arango. (Photo credit: Ecopetrol)
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Ecopetrol Finalizes Labor Deal with USO Petroleum Workers Union Through 2022

To formalize an agreement announced last week, the heads of Ecopetrol and USO sat down yesterday to sign the deal.
Posted On September 29, 2018
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Oil rig (Photo credit: Catmoz / Pixabay)
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Ecopetrol Wins Joint Bid to Explore Pau-Brasil Oil Block in Vast Santos Basin off Brazilian Coast

Colombian state-controlled oil company Ecopetrol (NYSE: EC) (BVC: ECOPETROL) was among the exploration block winners today at an auction in Brazil and now holds the rights to a portion of the oil extracted from the Santos basin off the coast of South America’s largest...
Posted On September 28, 2018
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Three Continental Gold Mining Workers Killed in Violent Attack

The tragedy follows the killing of a mining engineer working for Continental Gold earlier this month, who was left dead after his vehicle was attacked in Buriticá.
Posted On September 21, 2018
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Minesa - Sociedad Minera de Santander SAS (Credit: Screengrab from Minesa press video)
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Eco Oro Finalizes Sale of Two Mining Titles to Minesa in Santander

The $5 million USD deal includes two mining titles as well as "technical information and ancillary assets," said the Canadian mining firm.
Posted On September 17, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Secures $665 Million USD Contingent Line of Credit from Scotiabank, Mizuho Bank

Ecopetrol says it may draw upon the credit line to strengthen its "liquidity position in the face of eventual growth opportunities" or "mitigate risks associated to unexpected fluctuations in crude prices."
Posted On September 10, 2018
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The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Mining Engineer Working for Continental Gold Killed in Central Colombia

Two engineers were attacked on the morning of September 5 in the town of Buriticá where the Toronto-based company operates a large gold mine
Posted On September 10, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Contract Worker Strike Shuts Down 19 Drilling Rigs at Ecopetrol’s La Cifa-Infantas Oil Field

USO said this week that it had presented a proposal to Ecoptrol that included a request for higher salary and improved benefits for some 35,000 direct and contracted workers. 
Posted On September 6, 2018
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Coffee beans from Don Elias finca in Salento, Colombia. (Credit: Jared Wade)
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Three Colombian Coffee Growers to Compete for Illy’s ‘Best of the Best’ Beans Award in New York

The Ernesto Illy International Coffee Award winner will be announced during a ceremony at the world-famous Rockefeller Center on October 4.
Posted On August 25, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Pipeline Hole Causes Gasoline Spill in Cundinamarca

This is the 20th illegal valve the company has found this year in this specific pipeline, according to Ecopetrol.
Posted On August 24, 2018
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Continental Gold Plans ‘More Aggressive’ Drilling After Promising Results at Buriticá Mine

"With underground development advancing at a productive rate and providing suitable drilling locations, the company will be more aggressive in drilling," stated Continental Gold.
Posted On August 23, 2018
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New Ecopetrol Chief Financial Officer Jamie Caballero Uribe. (Photo credit: Ecopetrol S.A.)
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Ecopetrol Appoints Jaime Caballero Uribe as Chief Financial Officer

Within this role, Caballero will be the compliance agent for financial reporting to the Colombian Finance Superintendency.
Posted On August 19, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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After Successful Exploratory Drilling, Frontera Energy to Begin Further Testing of Acorazado-1 Well in Los Llanos

The next step for the well will be to run and cement a liner in preparation for further testing, which is expected to take “several weeks,” said Frontera.
Posted On August 18, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Benefitting from High Oil Prices, Ecopetrol Reports Significant Increases in Earnings and Revenue in First Half of 2018

Ecopetrol reported 15.8 trillion pesos in earnings, an increase of 37.7% compared to the 11.5 trillion pesos brought in during the first half of 2017.
Posted On August 16, 2018
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Ecopetrol Infantas Oriente
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Ecopetrol Begins Commercial Production at Infantas Oriente Oilfield

Ecopetrol plans to drill 20 wells as it begins to develop the field this year and another 47 wells in 2019.
Posted On June 26, 2018
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(Photo courtesy of Lobo Tiggre)
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Interview: Colombian Mining Sector Is ‘Under-Explored’ – A Clear Advantage over the Long Term

"There are plenty of targets in Colombia that have never really seen modern exploration," says Lobo Tiggre. "That is clearly an advantage."
Posted On June 25, 2018
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gold on quartz goldmining inc vancouver
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GoldMining Inc. Begins Being Listed on Toronto Stock Exchange

The Vancouver-based mining company's common shares and purchase warrants were previously trading on the TSX Venture Exchange.
Posted On June 21, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol to Pay Off $156 Million USD in Loans Early

The loans date back to 2013 and were issued with a payment schedule that would end in 2023.
Posted On June 20, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Colombia Produced 865,987 Barrels of Oil per Day in May

This represents a 1.6% increase over the production in May 2017 and a 0.1% increase from last month.
Posted On June 14, 2018
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stock trading (Photo credit: PIX1861 / Pixabay)
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Frontera Energy to Split Stock for Shareholders as of June 26

Canadian oil company Frontera Energy Corporation will split its stock this year, issues a two-for-one share split on June 26.
Posted On June 12, 2018
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Enjoying some fresh-roasted Colombian coffee at a farm near Salento, one of the country's top tourism destinations. (Credit: Jared Wade)
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Colombia Named Guest of Honor Nation at 2018 World Barista Championship in Amsterdam

The barista competition and World of Coffee trade show will take place from June 21-23 in the Netherlands.
Posted On June 5, 2018
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coffee colombia auction record expoespeciales export price per pound tolima
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Expectations for Colombian Coffee Production This Year Lowered to 14.2 Million Bags Amid Heavy Rains

Despite the annual production setback, the macro story for Colombian coffee production remains positive. “In the last decade, yields have increased nearly 30%."
Posted On May 30, 2018
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oil colombia minminas (Photo credit: Ministerio de Minas y Energía)
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Frontera Energy Closes on New $100 Million USD Credit Facility

Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."
Posted On May 22, 2018
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gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Frontera Energy Sees Year-Over-Year Production and Sales Declines in First Quarter

Despite high oil prices, Frontera realized just $249.5 million USD in sales in the quarter compared to $316.6 million USD in the first quarter of 2017.
Posted On May 15, 2018
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Ecopetrol Starts Construction on 55-Kilometer Caldas Pipeline in Central Colombia

The 55-kilometer pipeline, with an 8-inch diameter, will span the distance from the town of Chinchiná in Caldas to Pereira.
Posted On May 11, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Reports Income of $923 Million USD in First Quarter of 2018

Despite a major oil spill and below-target production, Ecopetrol reported its best quarterly results in four years amid higher oil prices.
Posted On May 6, 2018
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gold on quartz goldmining inc vancouver
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Goldmining Inc. Appoints Ken Wang to Board of Directors

“His depth of experience and extensive network...will be valuable as we continue to execute our business plan."
Posted On May 5, 2018
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continental gold colombia buritica
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Colombian Mining Association Head Says Sector Could Welcome $7 Billion USD in Foreign Investment in Next Four Years

Santiago Ángel expressed his optimism for a turnaround in a sector that brought in a relatively underwhelming $2.6 billion USD over the last four years.
Posted On May 3, 2018
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Dora Elena Balvin, secretaría de minas de Antioquia en Colombia. (Photo credit: Loren Moss)
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Mining Formalization in Colombia: Multinationals, Informal Miners ‘Have to Live Together,’ says Dora Elena Balvín, Antioquia Secretary of Mines

"There must be space for both the big mining companies and the small artisanal miners," says Dora Elena Balvín, secretary of mines in Antioquia.
Posted On April 30, 2018
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oil colombia minminas (Photo credit: Ministerio de Minas y Energía)
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Colombian Oil Production Rose 6.5% in March to 856,478 Barrels per Day

Production was also up 4.1% over February of this year due to the reopening of several oilfields.
Posted On April 22, 2018
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Promigas
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Promigas CFO Aquiles Mercado González Discusses Construction of $224 Million Pipeline, Promioriente Bond

"It was difficult to determine what the risk was given the nature of the project we were trying to finance — a pipeline in the mountains," said Aquiles Mercado González.
Posted On April 22, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Pays Annual Dividend Totaling More Than $150 Million USD to Minority Shareholders

The Colombian government, which owns the vast majority of Ecopetrol shares, will receive a dividend of $1.17 billion USD (3.2 trillion pesos).
Posted On April 20, 2018
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ari sussman, continental gold
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Interview: Continental Gold CEO Ari Sussman Says ‘There Is a lot More Gold to Find’ in Colombia

"Our current reserves and resources are just a tip of the iceberg of what's to come," says Ari Sussman, CEO of Continental Gold
Posted On April 3, 2018
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ecopetrol lizama 158 oil spill (Credit: Ecopetrol)
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Major Oil Spill in Colombia from Ecopetrol Well Has Been Contained, Says Company

The environmental harm is ongoing, and Ecopetrol’s response to the catastrophe has drawn widespread criticism.
Posted On March 31, 2018
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Mario Garnero of BrasilInvest Group (Photo credit: Ben Hider)
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Mario Garnero Retires from GoldMining Inc. Board of Directors

Garnero will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.
Posted On March 29, 2018
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Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Appoints Board of Directors at Shareholder Meeting

At a shareholder meeting today, Ecopetrol appointed its board of directors and external auditor for 2018.
Posted On March 23, 2018
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Lorito-1 Well Ecopetrol Meta (Credit: Ecopetrol)
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Ecopetrol Strikes Oil at Lorito-1 Well in Department of Meta

The well is 55% owned by Ecopetrol with the remaining 45% stake held by Repsol subsidiary Talisman Colombia Oil & Gas Ltd.
Posted On March 14, 2018
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Natural gas well. (Photo credit: Ken Doerr)
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PentaNova Energy Subsidiary Granted Operatorship of Maria Conchita Gas Block in Colombia

MKMS Enerji Anonim Sirketi is a fully owned subsidiary of Canadian oil and gas company PentaNova Energy.
Posted On March 6, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Adds 2,800 Barrels Per Day to Oil Production with Three New Wells

The wells are held jointly with U.S.-based Occidental Petroleum Corp. and have hit a combined 2,800 barrels per day in testing.
Posted On March 5, 2018
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PentaNova Energy Corp Begins Drilling Gas Well in Maria Cochita, Colombia. (Photo credit: vaazdev / Pixabay)
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PentaNova Energy Begins Drilling Gas Well in Maria Conchita Block in Colombia

PentaNova Energy has an 80% “beneficial working interest” in the Maria Conchita block.
Posted On March 2, 2018
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Ecopetrol Reficar Coking
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With Profits of Some $2.3 Billion USD in 2017, Ecopetrol Posts Best Results in Four Years

The net profit of 6.62 trillion pesos ($2.3 billion USD) is more than four times above the results of 2016 and the highest since 2013.
Posted On February 28, 2018
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Extends Reserve Life to 7.1 Years with 3.7% Increase of Proven Reserves in 2017

Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.
Posted On February 23, 2018
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Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Major Shakeup: PentaNova Energy Appoints New President, CEO, and Chairman in Sweeping Management Overhaul

PentaNova will issue 4.8 million common shares to the new management team “as the inducement to join the company.”
Posted On February 20, 2018
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Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Camilo McAllister Resigns as CFO of Frontera Energy Corporation

McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed
Posted On February 19, 2018
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Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Frontera Energy Suspends Operations at Cubiro Oil Field in Colombia After Local Violence, Threats

Frontera Energy this week suspended operations at a site in Casanare in response to violence, intimidation, and threats.
Posted On February 9, 2018
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Frontera Energy Hit 71,015 Barrels of Oil Equivalent Per Day to Close 2017, Averaged 64,445 Per Day in Fourth Quarter

Frontera Energy plans to drill between 40 to 50 wells in the first quarter of 2018.
Posted On January 22, 2018
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Gran Colombia Gold Increased Production by 16% in 2017 to 173,821 Ounces of Gold

The growth was aided by a good fourth quarter that saw production rise 26% compared to the fourth quarter of 2016.
Posted On January 17, 2018
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Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Colombia Produced 854,121 Barrels of Oil Per Day in 2017, a 3.4% Drop from 2016

Despite the year-over-year drop, the actual output did exceed Ministry of Mines and Energy's estimate of 840,000 barrels of oil per day.
Posted On January 16, 2018
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Coffee Prices End 2017 at 21-Month Low, with Colombian Milds Down 1.7%

The ICO estimates production in Colombia to decrease by 4.3%, to 14 million bags, this crop year.
Posted On January 14, 2018
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ELN National Liberation Army 375
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ELN Guerrillas Allegedly Kidnap Ecopetrol Contractor in Arauca

The abduction reportedly occurred around 7:30 am on the day that the UN head arrived in Colombia to discuss the nation’s peace process.
Posted On January 14, 2018
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