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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.


TSX:CNE - Post by User

Canacol Energy Ltd
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Post by thedave2005on Jun 02, 2014 12:28am
330 Views
Post# 22619805

Canacol Up to 5 Reservoir of Oil on LLA23 Oil Blocks

Canacol Up to 5 Reservoir of Oil on LLA23 Oil Blocks ....Canacol Energy News Colombia:
...
Canacol's 3D Seismic Started Already on Entire LLA23 Block, Colombia. June/2014 This Highly Profitable $67 per Barrel of Light Oil is The Company Maker. With Canacol Going from low $2.31 to $8s after Labrador Oil Field found Oil at LLA23 Block. Then Came Kings Of Leon.o (Leono Oil Field) Followed By Pantro Oil Field again on LLA23 Block 115,000 Acres. Now Tigro  Oil Field Drilling with Pointer & Maltes Oil Fields .... The Fact is Canacol Will Find 22 Oil Fields on this Fault Trend Oil Block with 100's of Millions Barrels Light Oil on it LLA23 Will Shine The Light on These Canacol Oil Fields in 2014,2015,2016 and on and On!

Thedave on Canacol Energy (CNE) $2.31 To $20+
5 Oil Reservoirs On LLA23 Oil Blocks as. Canacol's Reserves Double year Over Year.

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