Canacol Energy Ltd. (TSX VENTURE:CNE)updated on 2010 work plan and budget for its Capella heavy oil discovery in Colombia.
The press release is quoted as saying:
The anticipated cost of the program is US$ 41,470,000, with Canacol’s share being US$ 4,147,000. The Corporation is fully funded to execute this project, as well as the remainder of its development and exploration programs elsewhere, in 2010.
