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 Crotchon Sep 12, 2014 2:44pm

160 Views

Post# 22931639

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Don't be surprised...part 2

1234robt wrote:
Nope - you are the one moving the goalposts and though you were correct about contracts being needed you were wrong because these contracts also delay cash flow until the end of 2015. But whatever! You obviously are Crotchety as your name says.

I didn't say anything about the timing of sales of gas, only that they needed contracts to sell it.

I have no idea how 1320 has the patience to reply to your posts.

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