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Canacol Energy Ltd CNNEF


Primary Symbol: T.CNE

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

Post by cyber37on Feb 27, 2023 1:26pm
232 Views
Post# 35307539

Another press release ......about nothing

Another press release ......about nothingI wonder if planned new Medellin pipeline start date of Dec., 2024 is still attainable. CNE is just coasting ….existing nothing major is happening here aside from normal somewhat positive exploration routine that obviously is not doing anything to this stagnating share price. Not sure what real objective was for this share consolidation and wish there was more news about operations, pipeline progress rather than another usless update on all those convoluted financial dealings.

How is this critical pipeline construction progressing?      
G37

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