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 Primetime1on Dec 22, 2018 10:02pm

116 Views

Post# 29151209

RE:Gamba Factor....continues..!!!

Well that is a pretty negative interpretation on what is turning out to be a very positive story. The press release indicated that volumes increased from 115 MMscfpd to 130 MMscfpd on December 1, 2018, and they are projecting further volume increases in the 2nd half of next year. A delay of a couple months on the pipeline expansion is not that big of a deal in the grand scheme of things.

Long CNE.TO

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