Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 evestoron May 14, 2015 3:38pm
50 Views
Post# 23729784

RE:RE:RE:RE:CNE Total Debt

RE:RE:RE:RE:CNE Total Debt
Note 6: "At March 31, 2015, restricted cash consisted of $47.4 million of term deposits used as collateral to secure the Ecuador IPC’s borrowings (classified as non-current), $8.2 million for work commitments and other capital commitments ($5.4 million classified as current; $2.8 million classified as non-current), and $18.7 million held in a debt reserve account as required under its senior secured term loan (classified as non-current)." Obviosly the $18.7 M restricted cash can be used to pay the term loan, so when calculating the net debt, this $18.7 M should be deducted from the long term debt. When the term loan matures, the restricted cash will be free cash.
Bullboard Posts