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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
Comment by 75020780on Nov 20, 2017 10:49pm
77 Views
Post# 27000933

RE:RE:RE:RE:RE:RE:RE:RE:Gamba Under Delivers Once Again, Adds 44 Mil New Debt....!!!

RE:RE:RE:RE:RE:RE:RE:RE:Gamba Under Delivers Once Again, Adds 44 Mil New Debt....!!!Sec. Maybe I'm just dumb. Can you show where the company states that:

1. Any draw on a line of credit was 'unplanned' - as far as I'm concerned, and from everything I have read, the company is executing essentially 100% to plan.
2. Where exactly in the financial statements it shows that the company now owes an additional 44mil - from what I see on the statements, current liabilities went DOWN from $80mil at the beginning of the year, to $28mil - including repayment of current bank debt. Oh wait.. Total liabilities are.. oh that's right, essentially unchanged since then winning of the year.. hmm can't find any 'additional' borrowing anywhere.


Maybe I don't know how to read.. I dunno.
Bullboard Posts