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 > Gamba Factor Strikes Again

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Post by oilwatcher13on Mar 26, 2024 6:40pm

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Post# 35954187

Gamba Factor Strikes Again

They have to issue a panic press release saying all their coupons are good and they are managing their debt???? The panic is the current market cap at the end of the day today is 154 million and the current level of debt is 724 million dollars... are they a going concern!

I would say yes, because the stock has no takers given the wealth destruction of the GAMBA CLOWN SHOW over the last decade.

It is amazing that the BOD has not taken GAMBA out of play, but that would require the BOD to do their jobs. Hasn't happened so far, but the class actions are coming!!!

JMHO

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