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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 DBW077on Mar 17, 2014 1:34pm
130 Views
Post# 22332187

RE:RE:RE:RE:More debt....

RE:RE:RE:RE:More debt....
This stock doesn't seem to follow any logic or market patterns.  Even if they got 10,000 bopd out of that last naturally fractured well, the price might have gone up a penny for a day or two.  Small increase to a loan and it goes into the damn toilet. The market treats this one like a red headed stepchild.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities