RE:RE:Promigas Pipeline Expansion Approval..!!!2 months late now for environmental approval... and not a word from GAMBA... no credibility or accountability to his share holders...
First new additional gas sales now Feb. to Mar. 2019...
Canacol Energy Ltd. Executes Agreement with Promigas S.A. to Increase Corporate Gas Transportation and Gas Sales to Colombian Caribbean Coast to 190 MMSCFPD in 2018
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2016) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce the execution of an agreement with Promigas S.A. to expand the existing gas distribution network currently used by the Corporation to accommodate an additional 100 million standard cubic feet per day ("MMscfpd") of new gas transportation and sales, bringing total Corporate gas production and sales up to 190 MMscfpd in 2018. The expansion project, which will be fully funded by Promigas and commence in November 2016, will consist of up to 18 months of permitting followed by 6 months of construction, with first new gas delivery scheduled by December 2018. The project will include twinning of the existing Jobo to Sincelejo gas pipeline, the installation of additional compression on the existing Sincelejo to Cartagena pipeline, and the construction of a new gas pipeline between Cartagena and Barranquilla. These works will result in an additional 100 MMscfpd of capacity between the Corporation's gas processing facility at Jobo and Cartagena, and 50 MMscfpd of new transportation capacity between Cartagena and Barranquilla.