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 Jan 30, 2019 6:51am

110 Views

Post# 29294539

RE:RE:Closing in on 52 wk high

An announcement of the completion of the new pipeline should be a huge catalyst for the sp. Once that's done they can start working on expanding the infrastructure to where they can deliver the gas to more major cities in Colombia. It has all the makings of being a transitional year for CNE but I suspect the market will take it one quarter at a time due to its cautious approach to energy stocks right now. Lol, whatever happened to $200 oil?

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