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.

TSX:CNE - Post by User

Canacol Energy Ltd

<< Previous

Bullboard Posts

Next >>

Post by oilwatcher13on Jun 11, 2024 12:40pm

368 Views

Post# 36083004

Gamba Factor Share Price Destruction..!!

Gamba has driven this company into the abyss with his arogant mismanagement of its assets and the BOD is just and continues to be a rubber stamp!!

The next step now that the CNE assets and reserves are worth 12 dollars a share - my prediction is Gamba will sell out to Ecopetrol for 6.00 per share and start over in a newco in Bolivia!

The only people who will make anything will be the management and BOD from the payouts they will receive from the distressed sale of CNE.

My GAMBA FACTOR prediction!

JMHO

<< Previous

Bullboard Posts

Next >>

Ur-Energy revises uranium production guidance for 2024