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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
Post by duderonon Aug 04, 2010 8:41pm
656 Views
Post# 17322578

Rancho Hermoso Wells

Rancho Hermoso WellsIf these guys drill 5 more development wells in the same area and if they come in even half as well as the Hermosa 5 well tested at, which was 8000 BOPD, the year end daily barrels of oil could be multiples of where we are at currently.  Say the additional wells come online at 2000 each that alone is 10000BOPD by years end.  The 7000BOPD will be easily achieved.  This one is gonna fly! imo
Bullboard Posts