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 12, 2014 6:53pm

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Post# 22552897

Canacol Says "We're off to a Great Start in 2014. 11 Explor.

.We're off to a great start in 2014, and with 11 more exploration wells and 28 development wells to come, Canacol's production and cash flow will continue to grow throughout the remainder of calendar 2014 and beyond. With that in mind, we are revising guidance for calendar 2014 up to 12,500-13,500 boepd and plan to exit the year at approximately 17,000 boepd via our drilling program CEO Gamba Says 18,000 Barrels Per Day Production Canacol Energy 2014.........

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