Canacol Energy Ltd CNNEF

Primary Symbol: T.CNE

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 > Canacol Earnings Announcement Writedown..????

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Comment by renoman1960on Mar 18, 2021 10:41pm

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Post# 32835527

RE:RE:Canacol Earnings Announcement Writedown..????

Didn't think it was that bad and I would rather take a 51 million dollar write off then pay tax and deplete cash reserves, tax breaks are there let's use them, I think we get a pop tomorrow if market is heading up and as I told you oilwatcher I am trading the stock my big hold right now is arx.

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