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 Squixon Jun 30, 2015 12:04pm

114 Views

Post# 23881192

RE:RE:CNE Debt Dog - Spend Charlie Spend !!

I think Oilwatchers point is well taken. Cash flow for 3Q was negligible, hopefully there will be an improvement for 4Q and into FY2016.
The real bump in cash flow is projected to occur later in FY2016, and it will be intereting to see how large the bump is, and what our total debt gets to before that time.
Optimism, pessimism and realism all deserve consideration in the dule dilly process. JMO.

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