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 17, 2014 6:34am

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Post# 22572649

Canacol $7.90 May 27/2014 Closing Cash To Drill $$$CNE

...ActivityCost ($)2014 capital expenditure activities: two exploration wells and seven development wells on the LLA 23 E&P and Santa Isabel contracts62,900,000.00Future unallocated capital expenditure activities, working capital and general corporate expenses56,226,623.50

May 27/2014 Canacol Energy Rich in Cash to Drill Up Light Oil Fields with $70/ Barrel Netbacks.
Parex the Same $16 Target price (PXT)

Thedave..

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