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Canacol Energy Ltd T.CNE

Alternate Symbol(s):  CNNEF

Canacol Energy Ltd. is a Canada-based natural gas exploration and production company with operations focused on Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5 and VIM-21 blocks located in the Lower Magdalena Basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). In addition to its producing blocks, the Company also has interests in several natural gas exploration contracts in Colombia.


TSX:CNE - Post by User

Bullboard Posts
Comment by duderonon Jul 28, 2010 1:21pm
599 Views
Post# 17303782

RE: Implication of Net Pay

RE: Implication of Net PayBigger net pay means that they encountered hydrocarbon bearing zones. Having more net pay does not always mean you are guaranteed greater flow rates but its a very positive sign.  In this scenario where there is a well only 1800 feet away with an 8000bopd++ flow rate already proven I would be absolutely amazed if this well tested at a lesser flow rate. imo of course
Bullboard Posts