Canacol Energy Ltd. announced that Mr. Mark Holliday has elected to retire from the Corporation effective November 30, 2015 after 7 years as Chief Operating Officer. Mr. Holliday will be replaced by Mr. Ravi Sharma effective October 1, 2015. Mr. Ravi Sharma is a reservoir engineer with 30 years of oil and natural gas experience in the Americas, Middle East, Russia, Australasia, and Africa.

He has held progressively senior management roles at major E&P companies worldwide, most recently Head of Production & Operations with Afren Plc. where he was responsible for production, development and operations activities in West Africa. Prior to this, Mr. Sharma was Global Petroleum Engineering Manager for BHP Billiton Petroleum where he was responsible for managing the Central Subsurface Engineering Group.