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 26, 2014 11:46pm

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Post# 22599947

Canacol Energy Reserves = Massive & Growing!

BasinType1P
Reserves
+ DV2P
Reserves
+ DVPre-tax
NPV-10Colombia1Lower MagdalenaGas18.122.6$350.32LlanosOil5.97.9$215.43Caguan-PutumayoOil2.96.3$117.74Middle MagdalenaOil0.20.5$17.3Ecuador5OrienteOil2.63.3$145.029.740.6$845.7

Canacol (cne) Reserves at Capella 100,000,000 Barrels to Canacol, plus Shale Oil, plus Esperanza Gas 50,000,000 plus Leono light oil fields 50,090,000 on LLA23 Block 115,090 acres.

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