Canacol Energy Ltd 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 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s 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. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

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Canacol Energy Ltd

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Post by peruchocanuckon Nov 16, 2011 9:36pm

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Post# 19243698

Carrao same as Monterrico?

If you go to the Colombian Oil $ Gas National Agency website, you will find lots of maps and spreadsheets.
There is a spreadsheet listing all land contracts as Aug 16, 2011 ('mapa de tierras")
If you look for the 3 main assets that Canacol is getting from Carrao (according to last NR "Canacol anounces particulars..."), you get :
1) Block LLA 23 : Petrolera Monterrico SA
2) Block Portofino: Petrolera Monterrico SA Sucursal Colombia
3) Block Magdalena Medio (middle Magdalena) - Ecopetrol SA
Are these lots really asigned to Carrao, or are they a kind of JV with Monterrico?
***SORRY THIS NEW CRAPPY, SHITTY STOCKHOUSE DOESN'T ALLOW ME TO PASTE ANYTHING, ACTUALLY THE WHOLE CHANGES ARE A HEADACHE, CRAPPY STOCKHOUSE GETTIGN WORSE ***
ps: YELLING AT STOCKHOUSE MANAGEMENT, NOT AT BOARD MEMBERS

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