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 Whitehellon Sep 23, 2014 9:56pm

119 Views

Post# 22964370

RE:RE:RE:RE:REALLY GAMBA?

0,42 of EPS ? it's the year estimate, Not for the Quarter. 0,42 would mean around 58 MM$ of Net income on 68 MM$ of revenu, this is clearly not possible.

And EPS is what it is, an accounting exercice that has it flaws... the IMpairment of 10 MM$ Of rancho, cut the Net income in half for the year ... I Like CF better, at least they are consistent period over period, without all the accounting chit-chat...

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