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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
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Post by oilwatcher13on Feb 17, 2021 10:46am
240 Views
Post# 32584148

Gamba Clown Show...!!

Gamba Clown Show...!!CNE has not purchased / bought back any shares since the end of December because they are not even covering the divy expense right now with the current expenditures and gas sales / production levels.

Dead money until 2024... funny he hasn't announced the consortium who will own the 75% of the new pipeline. CNE is funding 80 million to design / engineer and build it... take all the risk then sell it to his buddies as a no risk investment.

Gamba's personal ATM continues....

JMHO
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