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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Comment by PATAGONIAon Mar 21, 2014 9:04am

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Post# 22350175

RE:interview

An excellent article since it explains why Exxon didn't drill the well deeper to work on the lower La Luna shale zone since it was a not naturally fractured shale zone. It is also the reason why the other companies who are to drill wells on CNE lands have not started their drilling programs. Hopefully the guidelines for deep shale drilling and fracing will be approved to get some action going and result in CNE's stock moving up over $ 10.00. glta.

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Southern Ontario mineral processing operation receives green fund support