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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
Post by thedave2O12on Jul 31, 2012 10:35am
162 Views
Post# 20168682

Pacific Rubiales Portofino 300 M Barrels

Pacific Rubiales Portofino 300 M Barrels

The Portofino block has an area of approximately 404 square miles (1,047 square kilometers), and is located at the north-eastern corner of the Caguan-Putumayo basin in southern Colombia. The block is located within the heavy oil trend that hosts the giant producing fields of Rubiales/Quifa and Castilla/Chichemene, and on trend and adjacent to the developing Capella heavy oil field. The block contains one prospect with a management estimated P50 resource potential of 140 million barrels and up to four additional leads with approximately 160 million barrels. 300 million barrels on Portofino.CANACOL ENERGY HAS 40%.

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Bullboard Posts