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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.


TSX:CNE - Post by User

Canacol Energy Ltd
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Comment by gas6Idi56on Aug 28, 2013 12:31pm
319 Views
Post# 21703628

RE:Canacol Energy to be Bought By Rubiales in 2014, and Assets sold to Set Up Exploration Company! Canacol keeps Ecuador + light oil acres

RE:Canacol Energy to be Bought By Rubiales in 2014, and Assets sold to Set Up Exploration Company! Canacol keeps Ecuador + light oil acresCanacol energy takeover by Pacific Rubiales in 2014, will Set up an Exploration company with Assets in Colombia and Ecuador. Talk of Gas Assets are split, as Rubiales has good gas assets themselves. TellyTelly Rubiales wants Canacol's 1,100,000 huge heavy oil reserves/acres in Colombia, and Canacol's light oil fields!

Cheers 2014 soon!  You Were Told!
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