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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
Comment by Poppson Oct 18, 2014 8:13pm
172 Views
Post# 23041090

RE:RE:RE:RE:RE:RE:Any one know ?

RE:RE:RE:RE:RE:RE:Any one know ?My 30 years experience is with Chevron and Texaco in the San Joaquin Valley.  Oxy recently found 20MBOPD underneath their Elk Hills field, but otherwise fracturing results have been a coin toss.......... as an example, North Shafter, 500 BOPD IP, lasting only a few weeks, going to 50.   Tight is right.  The Monterrey shale was reported to contain  billions and billions of barrels by the xxxx agency (can't recall), only to be cut by 90% of the original estimate by that same agency a year or so later.  If  you're interested you can google it.  So, depending on who you believe, California is either the next Saudi, or the next Illinois.   Also, we have been using hydraulic fracturing in California (including the San Joaquin) for over forty years without pause where needed.   Most producing formations here are super permeable (loose), so only deeper  "exploratory" wells (in tight formations) are frac'd.   ALSO, We have so many earthquakes here that frac'ing is not an issue.   GL   Popps
Bullboard Posts