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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

Comment by Crotchon Aug 28, 2012 2:09pm
210 Views
Post# 20270184

RE: BPDC = barrels per calendar day

RE: BPDC = barrels per calendar day

Yep, so 12 barrels a day averaged over the 30+ wells we were expecting this year is...lol.

Anyone willing to contact Flick to get some details from the company? No wonder they haven't updated their presentation in 2 months - people who don't farm the Colombian government for details on oil production would have no clue about the production declines. What a sad state of affairs.

 

Yoplait - the production numbers seem way higher than anticipated, which is surprising. Either the reported figures are skewed somehow, or it includes gas and other liquids, or CNE was really pumping that much from their wells...I don't know, and since we haven't heard anything from the Company in quite sometime, I'd say it's anybody's guess at this point.

 

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