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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 Whitehellon Sep 23, 2014 6:00pm
187 Views
Post# 22963868

financial are out

financial are outInteresting read. Most of it goods. Just dissapointed that they couldn't include Palmer-1 and the Gas contract since they "occured after that date". Nice boost in NAV of 29 % to 887 MM$, but i think their is at least a 200 MM$ that should have been include with Palmer-1 + adjustement in Gas price with the new contract. Revenu, cash flow, netback, all better. 220 MM$ in cash. A Nice 1,2 K from tigro-1's new discovery.

The only bad news is the Pointer-1 that was abandonned, was suprise since previous PR "the Corporation has completed the drilling of the Pointer 1 exploration well with good oil shows encountered while drilling through the primary reservoir targets" , guess when can't have only good news ;)

Also, no update on actual production, we'll have to wait for Q1 I guess :)

Later
White
 
Bullboard Posts