Canacol Energy Ltd T.CNE

GAMBA FACTOR IS ALIVE AND WELL..!!!

[oilwatcher13]

STILL OPERATING AT A LOSS AND INCREASING SPENDING .. SO FAR CNE IS THE ONLY ONE FUNDING THE NEW PIPELINE PROJECT WHICH THEY CAN'T OWN MORE THAN 25% OF BY COLOMBIAN LAW. WHICH OF HIS BUDDIES IS GOING TO PURCHASE THE REMAINING 75% AT A SIGNIFICANT DISCOUNT AFTER CNE FUNDED AND TOOK ALL THE RISK...HIS BUDDIES WILL JUMP IN WHEN THE PROJECT RISK IS OVER...!!!

JMHO

[Kingsale]

Not operating at a loss. Their adjusted income is well above 20 cts per year. But they have paper losses with fluctuations of USD / COP, which entail deferred tax expenses when the COP is going down. The big problem is not here. It's the way Gamba manages the co in order to favour his buddies (or himself). By example, he made in February a risky move : he bought back 5 millions shares in one

[Kingsale]

Another way to bring the price down is to stop communication. Last year, he gave us August sales, this year nothing. On August 4, he told us Claxon explo well was drilling and Canaflecha development well was beginning to drill. Both were expected to be drilled in four weeks. We are still waiting for the results...

[oilwatcher13]

Speaking of communication, the announcement of the contract award for the pipeline was supposed to happen in August / Early Serptember? Another Gamba lie as we have had a few press releases since the last earnings when he made this statement and not a thing has been said regarding this issue...in any of the subsequent press releases. What about the announcement of the PIPELINE CONSORTIUM that is