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Canacol Energy Ltd T.CNE

Alternate Symbol(s):  CNNEF

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

Bullboard Posts
Post by practicalguyon Sep 03, 2014 5:16pm
244 Views
Post# 22903289

Share Price Volitility

Share Price VolitilityCNE will be a highly volitle stock as long as they news release every single well. This panders to short term traders who speculate on the timing of the news releases.  As a medium term investor, I would rather see production updates c/w operations results.  I would be okay with a separate news release for high impact exploration wells like Palmer.  The "exploration" wells in LLA23 since Leono are actually more appraisal wells.  There is almost no chance of missing all five reservoirs.  If Pointer or Tigro hit higher than 2500 bopd, that would be material, but if they are in the usual 800 to 1800 bopd range, than that is just an expected result.

Finally, some update on whether Pantro is on production and what is happening with Mono Arana Liasma would also be very welcomed.  
Bullboard Posts