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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 Tuco110on Mar 10, 2016 11:05pm
283 Views
Post# 24646605

RE:give it a few days

RE:give it a few days
Also, there is the 10 year gas contracts they are negotiating that they wanted done by mid month for the bump up to 190mmcf/d for 2018. As well, when the Jobos facility is available in Q2 we may be able pump 120mmcf/d with this new production. This little sell on news thing today will be forgotten very soon.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities