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.

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Canacol Energy Ltd (Alberta)

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Post by I1thedave2oo6on Oct 02, 2015 1:52pm

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Post# 24157951

CANACOL ENERGY UP 8% CLARINETE RESERVOIRS GREAT

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Charle Gamba, President and CEO of Canacol, commented "Corporation greatly with respect to both the streamlining of our existing oil and natural gas production operations, and the planning and execution of our new developments, specifically the Clarinete natural gas discovery which the Corporation intends to commercialize as quickly as possible, in the most cost efficient manner."

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