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 hsaber2on Mar 17, 2015 8:41am

184 Views

Post# 23528695

need to be in different sector

To bad that we are stick with other energy srocks that move with the price of oil. Most of our production is going to be at fixed pricing so our cash flow projection will not chage with decline of oil price. Based on reservation calculation 2p we are valued at $13 but trade at 2.5. Pxt is at 8 & trade at 7. Gte reserves actually declined. Pre is running out of moneyv& lost contract renewal. We really should be trading higher not grinding down

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