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Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.


TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)
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Post by I1thedave2oo6on Sep 03, 2015 1:20pm
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Post# 24075873

GAMBA CEO OF CANACOL VERY HAPPY $79 MILLION

GAMBA CEO OF CANACOL VERY HAPPY $79 MILLION..

Charle Gamba, President and CEO of Canacol, commented "We are very pleased to have attracted an investment of this magnitude and quality from Cavengas, which provides both a solid vote of confidence concerning the near term growth potential of the Corporation, as well as capital to pursue additional projects as we expand our exposure to Colombian natural gas in this time of uncertain world oil prices. I look forward to working closely with their appointed directors, both of whom will broaden the depth of the board of directors, and leverage their extensive relationships in South America to bring new projects to the Corporation's portfolio."


Read more at https://www.stockhouse.com/news/press-releases/2015/09/03/canacol-energy-ltd-announces-closing-of-strategic-investment-from-cavengas#MadHh61D0MT4F1Z4.99...
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