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Canacol Energy not in talks with Ecopetrol over gas assets -chief executive
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Canacol Energy not in talks with Ecopetrol over gas assets -chief executive
May 10, 2024 11:24 AM

BOGOTA May 10 (Reuters) - Canada's Canacol Energy ( CNNEF )

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 ( CNNEF ) 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 ( CNNEF ) has not held any other discussions with

any other company or bank regarding possible transactions, he

added.

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