Canacol Energy Ltd 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 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s 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. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

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Canacol Energy Ltd

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Comment by bionicjoeon Sep 06, 2018 9:21am

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Post# 28571012

RE:RE:RE:RE:RE:Transcript of Conference Call

They are in the process of laying a larger 8 inch distribution pipe in parallel to the existing 6 inch pipe at their gas terminal to cure the bottleneck. Colombia's biggest gas producer is building a new pipeline as we speak to bring CNE's gas discoveries to market with 20% capacity available to CNE by Dec. The remaining 80% by spring 2019. Contracts are signed, the demand for natural gas is there. Now it's just a matter of waiting for the construction to be completed. No point in chirping off that Gamba will fail to deliver before the results are in.

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