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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Comment by robt1234on Jun 25, 2015 10:09am

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Post# 23867394

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

You are getting a little away from the major point, but we have all now agreed that things are not certain in reference to the infrastructure. It could happen just as COOT hopes it will. The issue of a tombstone contract that might also still include CNE laying out $13 Million to buy the LNG train and a company with sketchy prospects that I would rather see CNE do on their own (keep some execs busy doing something useful rather than pouring money into oil drilling that does not work out because they apparently don't know how to deal with Llanos water issues) - this is what should really concern all holders of the shares. Of course no reasonable company will not prepare cash flow projections and cash flow statements, especially at a time like this. THAT is the crux of the matter. How long will the market take this kind of nonsense while losses keep piling up?

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