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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 oilwatcher13on Jan 23, 2017 9:50am
190 Views
Post# 25740677

With Gamba - No News is Bad News....!!!!!!

With Gamba - No News is Bad News....!!!!!!Nothing since Dec. 19th... as Gamba always announces success and is always quiet on failures or bad news or more dillution....

Nelson 8 Development Well Esperanza Production and Exploitation Contract Lower Magdalena Basin 100% working interest

The Nelson 8 development well was spud on November 13, 2016 and reached total depth of 10,985 ft. md on December 2, 2016.  The Nelson 8 well encountered 163 ft.md (132 ft.TVD) of net gas pay with average porosity of 19% within the primary CDO sandstone target.  The Corporation is currently preparing to perforate the entire CDOsection priorto tying the well into the Bretanna to Jobo flowline.  Once the well has been tied into the flowline, the Nelson 8 well will be flow tested via the flowline to avoid flaring the gas.  Following flow testing the Nelson 8 well will be placed on permanent production, which is anticipated to occur prior to current year end.

JMHO
Bullboard Posts