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.

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Canacol Energy Ltd > No exposure to increasing NG prices

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Comment by oilwatcher13on Apr 20, 2022 3:47pm

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Post# 34617748

RE:No exposure to increasing NG prices

Buybacks are limited because they are spending 200 million on exploration costs and just refinanced and borrowed 180 million dollars more than the actual refinanced debt amount... after touting they were going to lower debt to revenue as a 2021 target...LOL

Not making much money but spending a ton, story of GAMBA Management... but good ole Charle is making a ton...

JMHO

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