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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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Comment by I1thedave2oo6on Oct 15, 2015 10:26am
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Post# 24193399

RE:#1Thedave2006 on Canacol Energy Stockhouse Blogs

RE:#1Thedave2006 on Canacol Energy Stockhouse BlogsCANACOL ENERGY RESERVES GROW FAST WITH ANOTHER MASSIVE GAS WELL
..CALGARY, ALBERTA--(Marketwired - Oct 15, 2015) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (CNE.TO)(CNNEF)(BVC:CNEC) is pleased to announce that Clarinete 2ST, the first appraisal well drilled in its recently discovered Clarinete gas field on the VIM 5 Exploration and Production ("E&P") Contract, has tested at a final gross rate of 25.6 million standard cubic feet per day ("mmscfpd") (4,491 barrels of oil equivalent "boepd") of dry gas with no water from the Cienaga de Oro ("CDO") reservoir, and at a final gross rate of 4.7 mmscfpd (825 boepd) of dry gas with 1 barrel of water from the overlying Tubara sandstone reservoir. Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract....
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