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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 Valley basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It supplies approximately 17% of the country’s gas needs and more than 50% of the Caribbean Coast’s gas demand. Its gas fields which produce from the Cienaga de Oro and Porquero proven reservoirs are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.


TSX:CNE - Post by User

Bullboard Posts
Comment by reapiton Jan 01, 2014 10:58am
235 Views
Post# 22050686

RE:RE:RE:RE:Bolivar Field Development Plan

RE:RE:RE:RE:Bolivar Field Development Plan1320 you have  addressed the case upmost of 90% as to the net risk is that if the next 4 wells develop strong or stronger then the share price will increase. The sell ratio is if we buy the company now and the wells achieve the buyer wins or he may lose. Your statement is likely the way things will go as we all hope the wells turn out to be gushers. I'm sure they will be with the drillers they have and the seismic layout. I believe with the new log pole they drill with at home now is maybe a stage they are trying in colombia. Sucking the oil from both sediments.
Bullboard Posts

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