RE:RE:RE:RE:RE:RE:Reality check.....
From the last financials we have further evidence that COOT can't think, doesn't remember or lies. He said he was not invested in CNE for a contract bringing in money in 2017 and yet Altenesol's contract will be providing cash flow after the mid point of 2016 a few months later than the other. "As a result of the Clarinete discovery, we signed an additional 15 year gas supply contract during the quarter for 35 MMcfpd (6,140 boepd) at $4.90/MMbtu ($27.93/boe), escalated at 2% per annum, commencing in the third quarter of calendar 2016. The gas will be used for liquefaction into liquefied natural gas for the Caribbean market and Canacol has further secured an option, valid for six months from the agreement date, to participate for a 26% interest in the ownership of the venture in exchange for the investment of $13 million. Through this beneficial ownership, we expect to derive additional revenues of $1.25/MMbtu ($7.12/boe), for a total all-in realized sales price of $6.25/MMbtu ($35.63/boe)... Canacol has awarded a contract to expand the handling capacity of its gas facility at Jobo from the current 50 MMcfpd to 130 MMcfpd. This expansion is anticipated to be completed in November 2015. Read more at https://www.stockhouse.com/news/press-releases/2015/05/13/canacol-energy-ltd-reports-financial-and-operating-results-for-the-three-months#fqQF11MkyhWHW5lz.99" The mention of CNE awarding a contract to complete work which will enable delivery of the contracted gas to begin in Dec. is provided to show all his talk about Promigas having to pay for any shortfall or miss in delivery is garbage. CNE is responsible for this infrastructure and you should want an update with current cash flow statement showing it can make this happen.