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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 Jul 09, 2015 1:44am
126 Views
Post# 23906049

RE:RE:How Low will this Go !!!

RE:RE:How Low will this Go !!!
s always a question how high or low any stock will go but when a company leaves you having to figure out cash on hand cash flow projections and when or if they are paying for the ownership they called beneficial that relates to major contracts and which their production is tied up in - how does one say it is tripling in three years given their track record? It was good to see costs coming down in the Llanos but so is production. I really am glad I have no shares in it, and will not try getting my money back until they answer obvious questions and stop hyping things while production declines and profits are no where to be seen.
Bullboard Posts