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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Comment by practicalguyon Jun 23, 2014 3:50pm

207 Views

Post# 22687011

RE:RE:RE:So dave?

Gross production from Labrador went from 5001 bopd in December to 3084 bopd in March. This is extremely high decline rate, unless the problem was from facility constraints.

Gross production from Leono went from 590 bopd in Jan to 4481 bopd in March. This may have backed out Lab production, but without CNE giving us shareholders any info in the meantime, we are left to guess. It looks like some are guessing that it is a high decline rate.

Production updates are essential for a company like CNE, much more important than test rates.

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