#1Thedave2006's Facts on Canacol Energy Fantastic Future.
Canacol is involved in three construction projects that will allow the Corporation to increase gas production via the sale of gas to off takers located in Cartagena and Barranquilla under long term US dollar denominated take or pay contracts that are not tied to global oil prices. Upon completion of these projects, anticipated to be prior to December 1, 2015, the Corporation's net natural gas production before royalty will increase from current levels of 20 to 30 mmscfpd to approximately 83 mmscfpd (14,500 boepd). These projects consist of an expansion of the Promigas S.A. E.S.P. natural gas pipeline between Jobo and Cartagena, an expansion of the gas processing facilities at Jobo to increase treatment capacity from current capacity of 50 mmscfpd to 140 mmscfpd, and the completion of the tie-in of the Clarinete 1 gas well into the Jobo gas processing facility.
Read more at https://www.stockhouse.com/news/press-releases/2015/08/10/canacol-energy-ltd-provides-production-and-drilling-update-and-announces-light#BD5BOQOuylxU5360.99...