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Canacol Energy Ltd 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 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.


TSX:CNE - Post by User

Bullboard Posts
Comment by Crotchon Dec 28, 2011 12:46pm
243 Views
Post# 19354560

RE: RE: RE: $93,000,000 From RH 13 in 2012

RE: RE: RE: $93,000,000 From RH 13 in 2012Yes, they certainly aren't as transparent on long-term production - at least not until they are required to release their financial statements. Even then, you need to do some mathmeatical gymnastics to arrive at the same figures they publish - but I'm no actuary nor auditor...Are other oil producers more transparent on their producing wells? Just curious...
Bullboard Posts