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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 robt1234on Jun 24, 2015 12:50pm
87 Views
Post# 23863995

RE:RE:RE:Reality check.....

RE:RE:RE:Reality check.....
You are talking nonsense. Cash in is only part of the equation. Cash left after expenses is what matters. Do you have a cash flow statement or projection? I am well aware of the cash in and fixed price contracts. Those contracts have value once they are being delivered, at present the Altenesol fixed price and what Gamba called "beneficent ownership" is at a minimum - up in the air. And the gas related to that contract is almost in escrow, CNE cannot sell it. Do you have the exclusionary or punitive terminologies associated with it? What legal costs will accrue? Do you understand the meaning of accrual accounting? Apparently not - given your constant focus on cash in. You want a better value - PPY. More assets by far and a transparent road to far more production with an infrastructure and safe environment to boot. There are better values than it - in the Montney/Duvernay where a land rush is already starting and M & A ramping up. DUE to LNG and the certainty of NG price increases when Sabine Pass wipes out the NG glut.
Bullboard Posts