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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 captwadeon Feb 06, 2015 7:27pm
194 Views
Post# 23406053

RE:RE:.42 cent range from High/Low

RE:RE:.42 cent range from High/LowOiltrader, you need to do a little more homework before you come on here and embarrass yourself once again.
You keep confusing the North American gas price with the situation in Columbia. Maybe you didn't know it but Canacol operates in Columbia. I agree with you, the North American price  could test two dollars. That fact however has absolutely nothing to do with Canacol or Columbia where the current prices range 5 to 6 bucks and Canacol's next  contracts kick in at a price more than triple the N A. price. These contracts then increase in price for the next 5 years no matter what happens to the prices anywhere else in the world.
 
Next time do some due diligence before coming on here with your, "I told you so". It makes you look somewhat foolish.
Bullboard Posts