Negative news from the U.S. and word of restructuring Greece’s debt led to depressed markets globally today, while the Colcap index gained 0.77%. Volume picked back up to average levels of COP165.7 billion.
Canacol reported 1Q11 earnings today with a net loss over $3 million. Production was up dramatically, however, as average daily barrels produced increased from 2,407 bpd to 3,423 bpd.
Ecopetrol announced the discovery of a new well, Mito-1 in Meta, that produced 200 bpd with a 13.5 API grade in initial tests. The block is in the Caño Sur block of Llanos Orientales, and nearby the Quifa field which is actively producing. The dollar appreciated nearly a quarter of one percent today as it closed at 1,825.1 to the peso.