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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Comment by practicalguyon Sep 10, 2014 3:03pm

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Post# 22924354

RE:RE:Flow Tests Etc.

VMM2 shale is showing production ~ 350 bopd in June. VMM2 Liasma with Vetra is not showing production in ANH database.

ANH database is just the amount of oil coming from a pool. ANH does not care about commercial arrangements of the partners in the pool, just the amount of oil coming out of the pool.

Check under the CNE website under Events. The Q3 presentation and transcript are there. They tell two different stories. The presentation says Liasma is 2 for 2 with the twin of the discovery well next. It also says ~ 10 mmbbls in net reserves, definitely not insignificant. Then you read the transcript and they say 300 bopd wells, likely not a lot in reserves for YE, not much to see here, move on. No wonder they deleted the slide.

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