Canacol Energy Ltd 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 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.

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Canacol Energy Ltd

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Post by thedave2014on Jul 04, 2013 3:18pm

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Post# 21589435

Canacol's Labrador 1,2,3. Plus Leono soon 15,000 boed 2013

Canacol energy hitting Oil all over now, highest netbacks and revs. in company history this Quarter, as Labrador 1, 2 and 3 on Production and Leono Oil field added soon. 19 Shale Oil wells worth $127,000,000 to Canacol plus oil production from them. Furthermore Ecuador 2,500 barrels itself this year, so 15,000 barrels daily boed very likely Analysts saying now! Canacol @ $2.50 was Buying BIGtime, even now $2.90s awesome price as Canacol Ups Oil
Production.$66 per Barrel netbacks

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