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Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It supplies approximately 17% of the country’s gas needs and more than 50% of the Caribbean Coast’s gas demand. Its gas fields which produce from the Cienaga de Oro and Porquero proven reservoirs are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.


TSX:CNE - Post by User

Post by Georgieboy1on Jul 28, 2010 10:18am
515 Views
Post# 17302885

LOOK WHO'S RUNNING THE SHIP

LOOK WHO'S RUNNING THE SHIPThis mgmt team has huge huge experience in the oil field and don't forget that the IR guy, Kevin Flick, has a lot of former clients from some of his huge huge oil companies as well!!

Dr. Charle Gamba, Current Chief Executive Officer, President, and Director of BrazAlta. Past Vice President of Exploration for Occidental Oil and Gas Company (Oxy) in Colombia. Chief Geologist with Oxy in Ecuador and Chief Geoscientist for Oxy in Qatar. Geologist with 15 years of multidisciplinary experience in the oil and gas industry in Latin America, Middle East, North America, and SE Asia with Occidental Petroleum, Alberta Energy Company (EnCana), Canadian Occidental (Nexen), and Imperial Oil.

Mr. Michael Hibberd, Current Director of BrazAlta, Chairman and Co-Chief Executive Officer of Sunshine Oilsands Ltd, a Canadian Oilsands exploration and development company. Chairman of Heritage Oil Limited. Current Director of Pan Orient Energy and Challenger Energy. Former Director of Rally Energy, an international junior oil and gas company. Founder of a corporate finance advisory business in 1995 that has focused on providing advice primarily to Calgary based energy companies with North American and International operations. Involved in privatization projects in North America, Latin America and Central Asia. Director and Senior Vice-President, Finance of Scotia McLeod (12 year term, ending in 1995) development company.

Mr. Jason Bednar, Current Director of BrazAlta, Chief Financial Officer of Pan Orient Energy, a South East Asia Exploration company started in 2005. Past Manager of Financial Reporting for Canadian 88 Energy Corp. Former Controller of Canadian Superior Energy Inc. and from 1993 to 1998 was in a public accounting practice with clients including several exchange listed oil and gas companies.

Mr. Stuart Hensman, Current Director of BrazAlta, member of the Board of Governors of CI Funds and a director of Rifco Inc. Prior to 2003, Mr. Hensman was the Chairman and Chief Executive Officer of Scotia Capital (USA) Inc. Mr. Hensman was a Managing Director (Institutional Equities) at Scotia Capital Inc. (London) from 1987 to 1999. Prior to this, he held a number of analytical and portfolio management positions at Sun Life Assurance Co. of Canada from 1981 to 1986. Mr. Hensman holds a Bachelor of Arts degree from the University of Winnipeg and a Masters of Science from the Loughborough University.

Mr. Alvaro Barrera, Current Director of BrazAlta, Past President of Empresa Colombiana de Petroleos (Ecopetrol), the national oil company of Colombia, based in Bogota, Colombia. Former President of Prodegas S.A., a major Colombian gas pipeline and distribution company. A chemical engineer with over 50 years experience in the E&P industry in Colombia. Resident in Bogota, Colombia.

Dr. Luis Baena, Former President and CEO and Director of Superview S.A., a Colombian tele-communications company sold to Telmex, Colombian representative of BGP, Doctor of Medicine, PhD in Business Administration from Nova South Eastern University, Masters in International Affairs in Finance and Business, Colombia University. Resident in Bogota, Colombia.

Dr. David Winter, President and Chief Executive Officer of Excelsior Energy, a Canadian heavy oil exploration and production company. An internationally focused Geologist with 23 years of multidisciplinary experience, including various technical roles with BP, Sun Oil, Canadian Occidental (Nexen), Alberta Energy Company (EnCana) and Calvalley Petroleum in Latin America, North Sea, China, Netherlands, S.E.Asia and the Middle East.

Mr. Mark Teare has joined the Corporation as Vice President of Exploration, effective January 12, 2009.

Mr. Teare has 20 years of experience with a number of senior international Canadian energy companies in Brazil, Ecuador, Colombia, Argentina, Australia, and Canada. For the past 8 years, Mr. Teare has held a series of senior management roles at EnCana Corporation, most recently as Country Lead for Brazil. Mr. Teare played an active role in EnCana's exploration success in recent ultra deep water pre-salt discoveries in offshore Brazil. Prior to his position in Brazil, Mr. Teare was Vice President of Exploration and Joint Ventures for EnCana's assets in Ecuador. Mr. Teare also held a variety of lead technical roles at Alberta Energy Company in Australia, and Home Oil Company in Argentina and Canada. Mr. Teare holds a Master of Science degree in Geology from McGill University, and will be based in the Corporations head office in Calgary.

Charle Gamba, President and CEO of the Corporation, commented, "Mark's familiarity with the energy industry in South America brings important technical leadership and experience to the senior management team. In particular, his knowledge of government and industry practices gained through EnCana in Brazil brings a vital component of expertise to help the Corporation achieve its growth plans in that country."



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