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 thedave2014on Jul 19, 2013 1:39pm

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Post# 21618408

Canacol Hits Labrador 1,2,3. Soon Leono 1.2.3. Light Oil High $70 Netbacks Now $108 Oil

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, awesome price as Canacol Ups Oil
Production.$66 per Barrel netbacks.
Canacol energy hitting $108 Oil now Labrador and Leono Big Light Oil fields/reserves, thus Netbacks Clealy over $70 barrel Canacol..

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