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 24, 2014 5:22am

132 Views

Post# 22964809

RE:RE:RE:RE:RE:RE:REALLY GAMBA?

1320racing wrote: . A dry Pointer 1 situation had to come up sooner or later. No oil company has a 100% success rate so the market will get past it. As oil company investors we all know it comes with the territory.

If you read what they had said about initial indications on Pointer 1 - this is a bit of a surprise.

"The Corporation has completed the drilling of the Pointer 1 exploration well with good oil shows encountered while

drilling through the primary reservoir targets, and has run casing in advance of production testing several different oil

bearing sandstone reservoir intervals within the next week. "

That doesn't sound like a duster to me, but I'm not in the industry....

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