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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Post by BlueBullzeron Jun 26, 2013 2:59pm

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Post# 21574354

Labrador 3 soon. CNE back up to 10 000 boepd.

As of this week Labrador 3 has had its expected 24 days for drilling and completion + 2 weeks for possible delays/testing/news release prep. We should hear something if not by friday then early next week. If you include the production increases from the last news releases, then Lab 3 will put CNE back over 10 000 boepd. That number is before any results from Oso Pardo 1 and upcoming re-tests on VMM 2. With these smart shale oil deals, CNE is going to become an important player in Colombia by Q4.

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