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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Post by 1thedave2006on Nov 13, 2014 4:25pm

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Post# 23126477

Canacol Corozo Completed Drilling & Cased 2nd GAS Well.

CANACOL Energy (CNE)
has completed the drilling of the second of three planned gas exploration wells on the Esperanza contract, Corozo-1, in early October 2014, which has been cased and is awaiting production testing with a work over rig. The Corporation plans to drill the third exploration well, Canandonga-1, followed by the drilling of up to five appraisal and development wells on Esperanza Gas Fields..

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