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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.


TSX:CNE - Post by User

Canacol Energy Ltd > Canacol Earnings Announcement Writedown..????
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Comment by oilwatcher13on Mar 19, 2021 10:38am
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Post# 32837362

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

RE:RE:RE:Canacol Earnings Announcement Writedown..????I agree with you on ARX, which is my main position as well... but CNE is a dud until 2024 and has so far assumed all the risk and capital on the new pipeline. Typical Gamba gambling with shareholder money and ultimately will sell 75% of the new entity to his buddies risk free.

Gamba's personal ATM...

JMHO
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