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Announced the execution of a new long term take or pay gas sales contract with Empresas Publicas de Medellin E.S.P., and provides an update on the pipeline project associated with the sales contract. Senior Management will hold a Conference Call today Monday, August 30, at 2:00 p.m. MDT / 4:00 p.m. ET. Canacol Energy Ltd. shares T.CNE are trading up $0.10 at $3.37.