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 thedave2005on May 07, 2014 10:38pm

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Post# 22536773

Canacol = $220 M Loan + $144 Cash + $67/Barrel Netbacks

Canacol Energy
Raise $364,000,000 Million To Drill Up Massive Light Oil High Netback plays. $220,000,000 low interest loan plus $144,000,000 Bought Deal. Canacol BOND will be Issued in 2014 CEO Gamba has said. Shows Canacol's Power Going Forward Major Oil Company = Canacol who is Partnered with Exxon, Shell, and ConocoPhillios. Canacol Up Massive $2.31 May/2013 To $8 Going To $20+ By 2015.

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