. Canacol energy will soon produce 100 MMcfpd Gas or 17,500 boepd by Dec 2015.
This is more than Canacols entire oil and gas production ever. SHARE PRICE SHALL SURELY FOLLOW upwards, as Analysts Up their models based on this New Higher Production and Reserves.
Canacol energy (Cne) comprising approximately 42% of production in FQ1 2015, are completely insensitive to world oil prices, offering the Corporation a significant degree of protection from the current effects of falling benchmark oil prices.
Gas Contracts
As previously announced, the Corporation in 2014 executed three new gas sales contracts for a combined 65 million standard cubic feet per day ("MMcfpd") (11,052 barrels of oil equivalent per day "boepd") which is expected to take Canacol's current daily gas production of approximately 20 MMcfpd (3,509 boepd) to 83 MMcfpd (14,561 boepd) in late calendar 2015. The new contracts each have a five
Cheers #1Thedave2006