Canacol Takes Over Peer

Oct 17, 2012

Canacol Energy, a Canadian oil company operating in Colombia, Brazil and Guyana, has agreed to take over Shona Energy, it says, in a deal worth $148m. The deal gives Canacol five exploration blocks representing 15.8m barrel of oil equivalent (boe)...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management