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

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Post by oilwatcher13on Mar 21, 2024 11:50pm

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Post# 35946357

Lipstick on a Pig!

Gamba and the BOD need to go! CNE has 500 million in debt and they have made no effort to pay down the fiasco of debt. Gamba wasted 28 million on the new pipeline in engineering costs and where did that money go? In his pocket, this guy is a clown show and the BOD lead by Hibberd is a joke!!!

Now he is promising new wells and gas sales in Bolivia, right and I got a bridge to sell you in Russia's newly acquired territory!

Divy is gone, Gamba is rich and Hibberd and the CFO are a clown show!!!

JMHO

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