Canacol Energy Ltd (CNNEF) 2.6300 $CNNEF
Canacol Energy Ltd. Reports Fiscal Q2 2015 Financial and Operating Results
Marketwired - Thu Feb 12, 3:46PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to report its financial and operating results for the three and six months ended December 31, 2014. Dollar amounts are expressed in United States dollars, except as otherwise noted.
CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Tests 45 MMSCFPD (7,947 BOEPD) from Two Zones at Clarinete 1 Gas Discovery in Colombia
Marketwired - Tue Feb 10, 7:05AM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE)(BVC: CNEC)(OTCQX: CNNEF) is pleased to announce that Clarinete 1, the first exploration well drilled in its recently acquired VIM 5 Exploration and Production ("E&P" Contract, has tested at a final gross rate of 24.7 million standard cubic feet per day ("mmscfpd" (4,333 barrels of oil equivalent "boepd" of dry gas with no water from the Upper Cienaga de Oro ("CDO" reservoir in the second of two production tests over two separate reservoir intervals. As previously reported, the Lower CDO tested at a final gross rate of 20.6 mmscfpd (3,606 boepd) of dry gas with no water. The combined gross deliverability of the Clarinete 1 well from both intervals is approximately 45.3 mmscfpd (7,947 boepd). Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract. Pursuant to an existing agreement, and subject to approval from the Agencia Nacional de Hidrocarburos, an industry joint venture partner has the ability to earn up to 25% of the Corporation's 100% interest in exchange for fulfilling certain financial commitments.
CNE.TO: 3.26 (+0.06)
Altenesol Completes 15 Year LNG Contract and Doubles Canacol Energy Ltd. Gas Supply Contract
GlobeNewswire - Fri Feb 06, 8:35AM CST
IAHL Corporation (Other OTC:IAHL) is pleased to announce that its subsidiary, Altenesol LNG Colombia S.A.S. has finalized a 15 year take-or-pay agreement for the first LNG Train and has increased the fully executed Canacol gas supply contract from 17.5 to 35 million standard cubic feet per day ("MMscfpd" for the same time period for a second LNG Train that shall be in operation approximately 14 months from the commission of the first Train.
Canacol Announces New 35 MMSCFPD 15 Year Take or Pay Gas Sales Contract
Marketwired - Thu Feb 05, 4:43PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that its Colombian subsidiary CNE Oil & Gas S.A.S., in its capacity as operator of the VIM 5 Exploration and Production ("E&P" contract in Colombia, executed a new 15 year take or pay contract for the sale of 35 million standard cubic feet per day ("MMscfpd" (6,140 barrels of oil equivalent per day - "boepd" of gas to Altenesol LNG Colombia S.A.S. ("Altenesol" commencing in the fourth quarter of calendar 2016. Pursuant to an existing agreement, as previously announced, an industry partner has a right to a 25 percent interest in the VIM 5 E&P contract, subject to regulatory approval and meeting certain financial commitments. Under the terms of such agreement, however, the Corporation retains operatorship and a right to commercialize 100 percent of the gas produced from contract on behalf of the partners.
CNE.TO: 3.26 (+0.06)
Energy Insiders Are Buying Big On The TSX: January Edition
Kevin Hess - at Seeking Alpha - Mon Feb 02, 10:23AM CST
AAV: 4.90 (-0.06), BTE: 19.27 (+0.32), CNQ: 31.63 (+0.45), CVE: 19.42 (-0.29), BXE: 2.79 (+0.05), ECA: 14.07 (+0.37), ERF: 11.63 (+0.55), CPG: 26.20 (+0.16), LE: 35.84 (+0.19)
Canacol Energy Ltd. Tests 21 MMSCFPD at Clarinete 1 Gas Discovery in Colombia
Marketwired - Tue Jan 27, 5:30PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that Clarinete 1, the first well drilled in its recently acquired VIM 5 Exploration and Production ("E&P" Contract, has tested at a final gross rate of 20.6 million standard cubic feet per day ("mmscfpd" (3,606 barrels of oil equivalent "boepd" of dry gas with no water in the first of two planned production tests over two separate reservoir intervals. Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract. Pursuant to an existing agreement, and subject to approval from the Agencia Nacional de Hidrocarburos, an industry joint venture partner has the ability to earn up to 25 percent of the Corporations 100 percent interest in exchange for fulfilling certain financial commitments.
CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Appoints Francisco Diaz to the Board of Directors
Marketwired - Fri Jan 16, 3:06PM CST
Canacol Energy Ltd. ("Canacol" of the "Corporation" (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce the appointment of Mr. Francisco Diaz to the board of directors with immediate effect. Mr. Diaz is an international CEO and General Manager with a proven track record in multinational and private companies across various industries. He is currently a Managing Partner of Evolvere Capital, a Private Equity firm that manages various portfolio companies in Colombia and Latin America, and also serves on the board of several portfolio and publicly traded companies in Latin America.
MON: 124.77 (+2.00), CNE.TO: 3.26 (+0.06)
50 More Oil And Gas Companies And Their 2015 Capital Expenditures
Kevin Hess - at Seeking Alpha - Thu Jan 15, 1:45PM CST
CLR: 47.36 (+0.74), CNQ: 31.63 (+0.45), CVE: 19.42 (-0.29), NOK: 8.02 (+0.05), SU: 31.62 (+0.30), ECA: 14.07 (+0.37), PWE: 2.45 (+0.02), MUR: 51.77 (+0.88), SGY: 18.17 (+0.74), OXY: 83.11 (+1.07), SYRG: 11.87 (-0.12), GST: 2.89 (unch), APC: 89.44 (+2.13), ERF: 11.63 (+0.55), DVN: 66.47 (+0.69), ZAZA: 2.17 (+0.08), SN: 15.21 (-0.12), CPG: 26.20 (+0.16), MPO: 1.00 (-0.02)
Canacol Provides Update on Calendar 2015 Corporate Budget and Exploration Operations and Announces Oil Discovery in Colombia
Marketwired - Mon Jan 12, 7:07PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) announces that due to the recently announced acquisition of the VIM 5 and 19 Exploration and Production ("E&P" contracts in Colombia, and most especially due to the significant gas discovery made at the Clarinete 1 exploration well on the VIM 5 contract, the Corporation plans to release its calendar 2015 budget and production guidance after the Clarinete 1 well has been production tested, which is anticipated to occur during late January 2015. The Corporation anticipates issuing production and capital guidance for calendar 2015 during the first half of February 2015. Both gas sales from Esperanza (currently sold based on the Guajira price index of US$5.08/MMbtu or US$28.96/boe) and tariff oil from Ecuador (US$38.54/bbl), together comprising approximately 42% of production in FQ1 2015, are completely insensitive to world oil prices, offering the Corporation a significant degree of protection from the current effects of falling benchmark oil prices.
CNE.TO: 3.26 (+0.06)
Canacol Announces Acquisition of VIM 5 and VIM 19 E&P Contracts and Clarinete Gas Discovery in the Lower Magdalena Valley of Colombia
Marketwired - Thu Dec 18, 6:39PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that CNE Oil and Gas S.A., a subsidiary of the Corporation, has acquired 100% interest in the VIM 5 and VIM 19 Exploration and Production ("E&P" contracts from OGX Petroleo E Gas S.A. The National Agency of Hydrocarbons of Colombia ("ANH" has formally approved the transfer of title and operatorship of the E&P contracts to CNE Oil & Gas S.A. Both contracts are located adjacent to the Corporation's 100% operated Esperanza and VIM 21 gas contracts in the Lower Magdalena Basin of Colombia. The ten prospects and leads identified within the VIM 5 and 19 contracts contain a significant volume of prospective resource (note tabulated volumes by prospect below) assuming all prospects are drilled according to a July 2014 NI-51-101 compliant report from Gaffney Cline and Associates ("GCA" . In addition, the Clarinete 1 exploration well drilled on the VIM 5 contract in November 2014 encountered 149 feet ("ft" of potential gas pay in the primary Cienaga de Oro sandstone ("CDO" reservoir, the same reservoir that the Corporation produces from at its Nelson and Palmer gas fields on the adjacent Esperanza contract. The gross unrisked pre drill best estimate for the Clarinete prospect as per the GCA prospective resource report is 540 billion cubic feet (bcf) of gas. Production testing of the Clarinete 1 well is planned to commence in mid January 2015. The Corporation shall formally assign reserves to the Clarinete discovery following completion of the production test.
CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Announces Meeting Results
Marketwired - Tue Nov 25, 8:37AM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE) (BVC: CNEC) (OTCQX: CNNEF) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta on November 21, 2014 (the "Meeting" holders of common shares of Canacol: (i) re-elected Charle Gamba, Michael Hibberd, Jason Bednar, Stuart Hensman, David Winter, and Gregory D. Elliot to the Board of Directors; (ii) re-appointed Deloitte LLP, as Canacol's auditors; and (iii) approved the unallocated options under the Corporation's stock option plan.
CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015
Marketwired - Wed Nov 12, 4:01PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation" (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to report its financial results for the three months ended September 30, 2014.
CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Reports Fiscal Q2 2015 Financial and Operating Results
Marketwired - Thu Feb 12, 3:46PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to report its financial and operating results for the three and six months ended December 31, 2014. Dollar amounts are expressed in United States dollars, except as otherwise noted. CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Tests 45 MMSCFPD (7,947 BOEPD) from Two Zones at Clarinete 1 Gas Discovery in Colombia
Marketwired - Tue Feb 10, 7:05AM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(BVC: CNEC)(OTCQX: CNNEF) is pleased to announce that Clarinete 1, the first exploration well drilled in its recently acquired VIM 5 Exploration and Production ("E&P" Contract, has tested at a final gross rate of 24.7 million standard cubic feet per day ("mmscfpd" (4,333 barrels of oil equivalent "boepd" of dry gas with no water from the Upper Cienaga de Oro ("CDO" reservoir in the second of two production tests over two separate reservoir intervals. As previously reported, the Lower CDO tested at a final gross rate of 20.6 mmscfpd (3,606 boepd) of dry gas with no water. The combined gross deliverability of the Clarinete 1 well from both intervals is approximately 45.3 mmscfpd (7,947 boepd). Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract. Pursuant to an existing agreement, and subject to approval from the Agencia Nacional de Hidrocarburos, an industry joint venture partner has the ability to earn up to 25% of the Corporation's 100% interest in exchange for fulfilling certain financial commitments. CNE.TO: 3.26 (+0.06)
Altenesol Completes 15 Year LNG Contract and Doubles Canacol Energy Ltd. Gas Supply Contract
GlobeNewswire - Fri Feb 06, 8:35AM CST
IAHL Corporation (Other OTC:IAHL) is pleased to announce that its subsidiary, Altenesol LNG Colombia S.A.S. has finalized a 15 year take-or-pay agreement for the first LNG Train and has increased the fully executed Canacol gas supply contract from 17.5 to 35 million standard cubic feet per day ("MMscfpd"
for the same time period for a second LNG Train that shall be in operation approximately 14 months from the commission of the first Train. Canacol Announces New 35 MMSCFPD 15 Year Take or Pay Gas Sales Contract
Marketwired - Thu Feb 05, 4:43PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that its Colombian subsidiary CNE Oil & Gas S.A.S., in its capacity as operator of the VIM 5 Exploration and Production ("E&P" contract in Colombia, executed a new 15 year take or pay contract for the sale of 35 million standard cubic feet per day ("MMscfpd" (6,140 barrels of oil equivalent per day - "boepd" of gas to Altenesol LNG Colombia S.A.S. ("Altenesol" commencing in the fourth quarter of calendar 2016. Pursuant to an existing agreement, as previously announced, an industry partner has a right to a 25 percent interest in the VIM 5 E&P contract, subject to regulatory approval and meeting certain financial commitments. Under the terms of such agreement, however, the Corporation retains operatorship and a right to commercialize 100 percent of the gas produced from contract on behalf of the partners. CNE.TO: 3.26 (+0.06)
Energy Insiders Are Buying Big On The TSX: January Edition
Kevin Hess - at Seeking Alpha - Mon Feb 02, 10:23AM CST
AAV: 4.90 (-0.06), BTE: 19.27 (+0.32), CNQ: 31.63 (+0.45), CVE: 19.42 (-0.29), BXE: 2.79 (+0.05), ECA: 14.07 (+0.37), ERF: 11.63 (+0.55), CPG: 26.20 (+0.16), LE: 35.84 (+0.19)
Canacol Energy Ltd. Tests 21 MMSCFPD at Clarinete 1 Gas Discovery in Colombia
Marketwired - Tue Jan 27, 5:30PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that Clarinete 1, the first well drilled in its recently acquired VIM 5 Exploration and Production ("E&P" Contract, has tested at a final gross rate of 20.6 million standard cubic feet per day ("mmscfpd" (3,606 barrels of oil equivalent "boepd" of dry gas with no water in the first of two planned production tests over two separate reservoir intervals. Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract. Pursuant to an existing agreement, and subject to approval from the Agencia Nacional de Hidrocarburos, an industry joint venture partner has the ability to earn up to 25 percent of the Corporations 100 percent interest in exchange for fulfilling certain financial commitments. CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Appoints Francisco Diaz to the Board of Directors
Marketwired - Fri Jan 16, 3:06PM CST
Canacol Energy Ltd. ("Canacol" of the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce the appointment of Mr. Francisco Diaz to the board of directors with immediate effect. Mr. Diaz is an international CEO and General Manager with a proven track record in multinational and private companies across various industries. He is currently a Managing Partner of Evolvere Capital, a Private Equity firm that manages various portfolio companies in Colombia and Latin America, and also serves on the board of several portfolio and publicly traded companies in Latin America. MON: 124.77 (+2.00), CNE.TO: 3.26 (+0.06)
50 More Oil And Gas Companies And Their 2015 Capital Expenditures
Kevin Hess - at Seeking Alpha - Thu Jan 15, 1:45PM CST
CLR: 47.36 (+0.74), CNQ: 31.63 (+0.45), CVE: 19.42 (-0.29), NOK: 8.02 (+0.05), SU: 31.62 (+0.30), ECA: 14.07 (+0.37), PWE: 2.45 (+0.02), MUR: 51.77 (+0.88), SGY: 18.17 (+0.74), OXY: 83.11 (+1.07), SYRG: 11.87 (-0.12), GST: 2.89 (unch), APC: 89.44 (+2.13), ERF: 11.63 (+0.55), DVN: 66.47 (+0.69), ZAZA: 2.17 (+0.08), SN: 15.21 (-0.12), CPG: 26.20 (+0.16), MPO: 1.00 (-0.02)
Canacol Provides Update on Calendar 2015 Corporate Budget and Exploration Operations and Announces Oil Discovery in Colombia
Marketwired - Mon Jan 12, 7:07PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) announces that due to the recently announced acquisition of the VIM 5 and 19 Exploration and Production ("E&P" contracts in Colombia, and most especially due to the significant gas discovery made at the Clarinete 1 exploration well on the VIM 5 contract, the Corporation plans to release its calendar 2015 budget and production guidance after the Clarinete 1 well has been production tested, which is anticipated to occur during late January 2015. The Corporation anticipates issuing production and capital guidance for calendar 2015 during the first half of February 2015. Both gas sales from Esperanza (currently sold based on the Guajira price index of US$5.08/MMbtu or US$28.96/boe) and tariff oil from Ecuador (US$38.54/bbl), together comprising approximately 42% of production in FQ1 2015, are completely insensitive to world oil prices, offering the Corporation a significant degree of protection from the current effects of falling benchmark oil prices. CNE.TO: 3.26 (+0.06)
Canacol Announces Acquisition of VIM 5 and VIM 19 E&P Contracts and Clarinete Gas Discovery in the Lower Magdalena Valley of Colombia
Marketwired - Thu Dec 18, 6:39PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that CNE Oil and Gas S.A., a subsidiary of the Corporation, has acquired 100% interest in the VIM 5 and VIM 19 Exploration and Production ("E&P" contracts from OGX Petroleo E Gas S.A. The National Agency of Hydrocarbons of Colombia ("ANH" has formally approved the transfer of title and operatorship of the E&P contracts to CNE Oil & Gas S.A. Both contracts are located adjacent to the Corporation's 100% operated Esperanza and VIM 21 gas contracts in the Lower Magdalena Basin of Colombia. The ten prospects and leads identified within the VIM 5 and 19 contracts contain a significant volume of prospective resource (note tabulated volumes by prospect below) assuming all prospects are drilled according to a July 2014 NI-51-101 compliant report from Gaffney Cline and Associates ("GCA" . In addition, the Clarinete 1 exploration well drilled on the VIM 5 contract in November 2014 encountered 149 feet ("ft" of potential gas pay in the primary Cienaga de Oro sandstone ("CDO" reservoir, the same reservoir that the Corporation produces from at its Nelson and Palmer gas fields on the adjacent Esperanza contract. The gross unrisked pre drill best estimate for the Clarinete prospect as per the GCA prospective resource report is 540 billion cubic feet (bcf) of gas. Production testing of the Clarinete 1 well is planned to commence in mid January 2015. The Corporation shall formally assign reserves to the Clarinete discovery following completion of the production test. CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Announces Meeting Results
Marketwired - Tue Nov 25, 8:37AM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE) (BVC: CNEC) (OTCQX: CNNEF) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta on November 21, 2014 (the "Meeting" holders of common shares of Canacol: (i) re-elected Charle Gamba, Michael Hibberd, Jason Bednar, Stuart Hensman, David Winter, and Gregory D. Elliot to the Board of Directors; (ii) re-appointed Deloitte LLP, as Canacol's auditors; and (iii) approved the unallocated options under the Corporation's stock option plan. CNE.TO: 3.26 (+0.06)
Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015
Marketwired - Wed Nov 12, 4:01PM CST
Canacol Energy Ltd. ("Canacol" or the "Corporation"
(TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to report its financial results for the three months ended September 30, 2014. CNE.TO: 3.26 (+0.06)
