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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.


TSX:CNE - Post by User

Canacol Energy Ltd > Gamba Factor Lives on...!!!!!
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Comment by oilwatcher13on Nov 30, 2020 11:04am
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Post# 32000238

RE:RE:Gamba Factor Lives on...!!!!!

RE:RE:Gamba Factor Lives on...!!!!!GAMBA is a clown act, treats shareholders like mushrooms and acts like CNE is his personal bank account... always making shady deals that you hear glimpses of one or two years later....

An example is today's press release which is a waste of time. We had disputed take or pay contracts with Promigas and the only thing the news release says is that they have been re-negotiated... at what terms and what penalties??? Did the price get negotiated downward???

It has been my experience that if GAMBA doesn't brag about it it was bad news as he didn't say anything regarding the details... so consider the news bad...

GAMBA and HIBBERD are Calgary Clowns...

JMHO
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