Canacol Energy Announces Appointment of Chief Restructuring Officer

Core Viewpoint - Canacol Energy Ltd. is undergoing restructuring under the Companies' Creditors Arrangement Act (Canada), with Breakpoint Advisory Partners LLC appointed as Chief Restructuring Officer to oversee the process [1][2]. Group 1: Restructuring Details - The Court of King's Bench of Alberta approved the engagement of Breakpoint Advisory Partners LLC as Chief Restructuring Officer for Canacol on March 26, 2026 [1]. - Breakpoint will manage all strategic, transactional, and operational matters related to the restructuring and will provide advice to Canacol's Board of Directors [2]. - Mr. Peter Laurinaitis, an independent director of Canacol, disclosed his interest in Breakpoint and abstained from voting on the appointment of Breakpoint as CRO, subsequently resigning from the Board [3]. Group 2: Management Structure - The Interim Co-Chief Executive Officers, Mr. Jason Bednar and Mr. Ravi Sharma, will continue in their roles as Chief Financial Officer and Chief Operating Officer, respectively [4]. Group 3: About Breakpoint Advisory Partners LLC - Breakpoint Advisory Partners LLC specializes in restructuring and special situations, providing strategic, financial, and operational advisory services to companies undergoing complex transactions and restructurings [5]. - The firm has significant experience in restructuring and transactional matters, often serving in interim executive roles to support restructuring processes [5]. Group 4: About Peter Laurinaitis - Mr. Laurinaitis has 30 years of experience in financial restructuring, capital raising, mergers & acquisitions, and corporate turnarounds, currently serving as a Managing Partner at Breakpoint [6]. Group 5: About Canacol - Canacol Energy Ltd. is a natural gas exploration and production company with operational activities in Colombia [7].