Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Crotchon Nov 15, 2011 2:49pm
212 Views
Post# 19238992

RE: RE: RE: RE: M D & A

RE: RE: RE: RE: M D & AI wouldn't have classified my points as interesting..they were fanciful, lol. I realised shortly after I posted that what I had written was even a stretch for even my bizarre sense of imagination.

I am unsure how oil from different reservoirs is differentiated - I assuemd it was based on the location of the pump or some sort of mechnism in the well itself which could start/stop oil flow. Probably worth a google...

I agree - the more money they have now the better equipped they'll be to scoop up some of the "driftwood" (PTA comes to mind). Hoarding - yeah, not sure why I even thought that. I guess I just couldn't reconcile their actual production figures with how the NRs are worded (which have lead me to believe that non-tariff production would be higher than tariff).

About this:

"I'll assume production costs are the same for the Mirador as any other reservoir. "

I get the impression from their releases that they don't pay the operating costs associated with the oil they pull from the Mirador, but they pay 100% of the costs for the other reservoirs.
Bullboard Posts