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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

Post by Iran150on Mar 22, 2012 6:52pm
377 Views
Post# 19707296

RH # 17 158 feet Oil, 6 zones oil production

RH # 17 158 feet Oil, 6 zones oil production

Canacol will produce $110 oil from RH 17 in months after Mirador 20 feet produced, still  138 feet for CNE oil producing $110 barrel . Here Look, The RH 17 well was spud on February 12, 2012, and reached a total depth of 10,746 ft md on February 22, 2012 in the Ubaque reservoir. The well was drilled in a record time of 10 days. Good oil and gas shows were encountered in the C7, Mirador, Los Cuervos-Barco, Guadalupe, Gachet,a and Ubaque reservoirs while drilling. Petrophysical analysis of the open-hole logs indicates a total of 158 feet of net OIL pay within the well: 4 ft of net oil pay within the C7 reservoir with average porosity of 16%, 20 ft of oil pay in the Mirador reservoir with average porosity of 23%, 20 ft of net oil pay within the Los Cuervos-Barco reservoir with average porosity of 18%, 22 ft of net oil pay within the Guadalupe reservoir with average porosity of 25%, 32 ft of net oil pay within the Gacheta reservoir with an average porosity of 17%, and 60 ft of net oil pay within the Ubaque reservoir with average porosity of 24%..

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