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Last C$2.56 CAD
Change Today -0.05 / -1.92%
Volume 526.9K
CNE On Other Exchanges
Symbol
Exchange
Frankfurt
Bogota
Mexico
As of 11:12 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

canacol energy ltd (CNE) Snapshot

Open
C$2.63
Previous Close
C$2.61
Day High
C$2.70
Day Low
C$2.55
52 Week High
09/16/14 - C$6.65
52 Week Low
12/16/14 - C$1.40
Market Cap
323.7M
Average Volume 10 Days
601.8K
EPS TTM
C$-0.16
Shares Outstanding
126.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CANACOL ENERGY LTD (CNE)

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canacol energy ltd (CNE) Details

Canacol Energy Ltd., an oil and gas company, primarily engages in the exploration, development, and production of petroleum and natural gas in Colombia, Ecuador, Brazil, and Peru. Its areas of oil and gas exploration include 5 various basins in Colombia and Ecuador across 23 E&P contracts representing 1.8 million net acres. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

249 Employees
Last Reported Date: 09/23/14
Founded in 1970

canacol energy ltd (CNE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$427.7K
Vice President of Business Development, Gener...
Total Annual Compensation: C$309.9K
Chief Finance Officer (On Leave of Absence)
Total Annual Compensation: C$299.8K
Executive Vice President of Business Developm...
Total Annual Compensation: C$309.9K
Vice President of Exploration
Total Annual Compensation: C$288.8K
Compensation as of Fiscal Year 2014.

canacol energy ltd (CNE) Key Developments

Canacol Energy Ltd. Provides Update Concerning Production and Drilling Operations in Colombia and Ecuador

Canacol Energy Ltd. provided the update concerning its production and drilling operations in Colombia and Ecuador. Average net production before royalty for the month of July 2015 was 10,973 barrels of oil equivalent per day, which consisted of 7,175 barrels of oil per day and 22 million cubic standard feet of gas per day (3,798 boepd) of natural gas. Average net production before royalty for the period August 1, 2015 to August 9, 2015 was 11,492 boepd, which consisted of 7,998 bopd and 20 mmscfpd (3,494 boepd) of natural gas. Production in July and August 2015 to date represent significant increases over June 2015 despite planned, scheduled maintenance at one of the corporation's gas off takers facilities which negatively impacted the amount of gas shipped, however, the scheduled maintenance is now completed. The corporation anticipates achieving the higher end of its calendar 2015 net before royalty production guidance of between 10,000 to 12,000 boepd. The corporation is also on schedule to add an additional 65 mmscfpd (11,400 boepd) of new natural gas production in December 2015 to its existing production via its new, USD denominated, long term take or pay gas sales contracts not tied to global oil price. The corporation anticipates exiting calendar 2015 with more than 20,000 boepd of net production before royalty. The corporation anticipates that approximately 75% of calendar exit production will consist of natural gas from Colombia and tariff light oil from Ecuador, both not tied to global oil prices. The corporation and its joint venture operating partners have completed the drilling and testing of the successful Secoya Oeste - A001 exploration well located adjacent to the producing Libertador and Atacapi light oil fields in the Oriente Basin of Ecuador. The Secoya Oeste ­ A001 exploration well was spud in early June 2015 targeting the T, U, and basal Tena sandstone reservoirs which produce in the adjacent Libertador and Atacapi oil fields. The well encountered 33 feet of net oil pay within these reservoirs. The Lower U sandstone reservoir tested at an average gross rate of 972 bopd (243 bopd net) of 27o API oil with a 10% water cut over the course of a 50 hour test using a jet pump. The Upper U sandstone tested at an average gross rate of 326 bopd (82 bopd net) of 29o API oil with 8% water cut over the course of a 53 hour test using a jet pump. The consortium plans to commingle the two intervals and bring the well on permanent production shortly, and is using the well results to plan the drilling of potential follow up appraisal and development wells.

Canacol Energy Ltd. Announces Change to Fiscal Year End

Canacol Energy Ltd. announced its new fiscal year ending December 31. Its previous year ending June 30 will go ahead as originally scheduled including, amongst other items, annual audited consolidated financial statements and audited reserve reports to be released prior to September 28, 2015. The Company will then file a second year end as of December 31, 2015, of all similar required documents by March 31, 2016.

Canacol Energy Ltd Provides Production and Operations Update

Canacol Energy Ltd. provided the following update concerning its production and drilling operations. Average net production before royalties for the period April 1 to June 30, 2015 was 9,970 barrels of oil equivalent per day, which consisted of 5,515 barrels of oil per day and 25 million standard cubic feet per day (4,455 boepd) of natural gas. Average corporate net production before royalties for the period January 1 to March 31 2015 was 10,950 boepd which consisted of 7,448 bopd and 20 mmscfpd of natural gas. The Corporation has drilled no new production wells for the period January 1 to June 30, 2015. Gas production for the month of April 2015 was impaired by a 2 week strike at the Cerro Matoso mine, one of the Corporation's main gas buyers. Production recovered in May 2015 with net before royalty production for the period May 1 to May 31 2015 of 10,233 boepd, which consisted of 5,874 bopd and 25 mmscfpd of natural gas. Production in June 2015 continued to build, with net before royalty production for the period June 1 to June 30, 2015 of 11,056 boepd, which consisted of 6,291 bopd and 27 mmscfpd of natural gas.

 

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