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 thedave2005on May 12, 2014 5:51pm

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Post# 22552710

RE:Alert: " Canacol Hits Mirador Reservoir at Pantro Flows Oil"

Told You...Thedave Only One Who Knows...Mirador Oil Flowing Told Everyone

......
LLA-23 block, where we just tested another 1,038 bopd from the Mirador reservoir in the Pantro-1 light oil discovery, we plan to accelerate capital activities on LLA-23 with three additional exploration well (Tigro-1, Pointer-1, and Maltes-1), up to six additional development wells, and additional facilities in 2014. We further plan to conduct additional drilling activities on our Middle Magdelana blocks which have also seen positive exploration successes, with one exploration well, Morsa-1, and one appraisal well, Oso Pa

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