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 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 (Alberta)

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Comment by peruchocanuckon Nov 18, 2011 12:58pm

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Post# 19249063

RE: Carrao same as Monterrico?

Just came back to the board and looks nobody has an answer for this...if Carrao is supposed to have these blocks registered under their name, how come they appear under Petrolera Monterrico on the Colombian registers?
Did Carrao adquired Petrolera Monterrico Colombian branch? Does Petrolera Monterrico stlll hold title on these blocks and got into a JV with Carrao?
We need to be sure here what is the relationship between Petrolera Monterrico and Carrao.
I have seen so many juniors that claim title to a block to later discover the title is under somebody else's name and they only have an option to it trough a JV....

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