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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 1thedave2006on Nov 06, 2014 3:08pm
111 Views
Post# 23103381

RE:RE:RE:RE:CEO Gamba Says Canacol 35,000 To 40,000 Barrels $20+ Share.

RE:RE:RE:RE:CEO Gamba Says Canacol 35,000 To 40,000 Barrels $20+ Share....

RE:RE:RE:CEO Gamba Says Canacol 35,000 To 40,000 Barrels $20+ Share.

.....

CEO Gamba Says Canacol 35,000 To 40,000 Barrels $20+ Share.

...Canacol expects to release its 2015 capital budget by December. They are targeting 13 – 14,000 boepd of production in 2014 with a plan to grow to 35,000 boepd by Dec31/2015 into 2016 which they claim could raise their stock into the +$20s category.....

Read more at https://www.stockhouse.com/companies/bullboard/t.cne/canacol-energy-ord#69Z8zcWkRSpJZ2hU.99....
Bullboard Posts