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 > Going to be a bad Q3

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Comment by oilwatcher13on Nov 11, 2022 10:53pm

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Post# 35093185

RE:RE:Going to be a bad Q3

Listened to the CC, really weak explanation regarding the proposed 5 to 1 share consolidation from the CFO, no mention of the adjustment of the divy post consolidation. CNE really needs new leadership after 10 years of no share appreciation. The BOD Chairman is a rubber stamp corporate clown from Calgary whom has watched most of the companies he has chaired have been reduced to oblivion.

Time for a change after 10 yrears of no growth under the current management and BOD.

JMHO

Gamba Factor is Alive and Well!!

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