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Canacol Energy Ltd (Alberta) T.CNE

Alternate Symbol(s):  CNNEF

Energy Oil & Gas E&P
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

Canacol Energy Ltd (Alberta)
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Comment by cardman503on Jan 17, 2011 8:09am
498 Views
Post# 17982337

RE: News Release

RE: News Release
Any thoughts as to why there are no mention of the plans for the other four pay areas on RH-8?  Anyone care to speculate what the flow rate will be with the new ESP? If they are at capacity now and decided to go to 10,000 barrel of fluid capacity, then it would hint that they believe there is signifcantly more upside than announced today.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities