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.

TSX:CNE - Post by User

Canacol Energy Ltd

Bullboard Posts

Comment by robt1234on Jul 01, 2015 8:59am

233 Views

Post# 23883959

RE:RE:RE:There you go...

NPV is based on profits not revenue. They will be lucky to survive if they have to pay another mystery buyer the 13 million scheduled soon, or their vaunted contract is dead. They are probably not going to meet the Dec start od gas flow to another contract. .. Soon enough it will be safer for utilities to get LNG from real business people. The date for Sabine Pass ops in this article is end of year. I have seen it referred to as the last quarter. Most reports or reporters do not include all the BC projects which are going to happen. https://seekingalpha.com/article/3293105-coming-higher-u-s-natural-gas-prices-should-help-low-cost-producer-chesapeake-energy?ifp=0

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages