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.

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Canacol Energy Ltd (Alberta)

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Comment by bionicjoeon Feb 26, 2019 6:33am

47 Views

Post# 29412827

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

Once again, the original March 2019 completion date was never a hard date but an " anticipated " date given to CNE by Promigas. It was an early preliminary estimate made by Promigas. Whether the June 2019 completion date is met is up to Promigas not Gamba. Shareholders can't really complain since Promigas is building the pipeline at no financial cost to CNE. Kudos to management for striking that deal.

Oilwatcher13, it seems your biggest fear is that CNE might finally become successful. Please supply a link to your claim that the pipeline was scheduled for completion by Dec 2018. Maybe I missed it in my DD.

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