Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta) > Canacol announces of a $75M Senior Secured Term Loan

<< Previous

Bullboard Posts

Next >>

Post by Thechaseron Sep 03, 2024 11:51pm

470 Views

Post# 36207415

Canacol announces of a $75M Senior Secured Term Loan

Despite market speculation about the company potentially facing bankruptcy, the recent loan underscores that such concerns were unfounded. The company's ability to secure this financing proves that it remains on solid ground and highlights its strong future prospects.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features