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, 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.

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Canacol Energy Ltd (Alberta)

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Comment by yoplaiton Nov 29, 2012 3:16pm

445 Views

Post# 20662139

RE: Does anyone know if the meeting on the 14th wi

It looks like the only producing Shona asset is their nat gas Esperana block.

The Serrania block, Los Picachos, and Macaya licenses all have suspended contract terms due to security

issues. Yes located near the Ombu block and we know the security issues there!

Also they have a Peru block 102 where Shona and the opeator Ramshorn agree long term testing is not to be pursued due to permit issues and expected "marginal production rates".

That's Shona in a nutshell. Hardly a barn burner set of assets IMHO.

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