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By Bobwins

Posted: Wednesday Jun 12 9:43:30AM 2019

Canacol Energy continues to hit more natural gas in Colombia.  Tested 33mmcfpd in new field!

https://stockhouse.com/news/press-releases/2019/06/11/canacol-energy-s-acordeon-1-tests-33-mmscfpd-at-significant-new-gas-discovery

In Q1, they generated C$49.4 million on sales of 122smmcfpd.  New pipeline is coming online in mid July that will pop that to over 200smmcfpd.  Should pop gross revs to C$80million/qtr.

Canacol has Netback of C$4/mcf!!!!!  They receive almost C$5/mcf.  Caribbean countries have to import natural gas or LNG so this is not a fluke. They have been receiving these kind of prices for several years.  Most investors don't realize the advantage they have.

Gross profits were in the 29million range for Q1 but should jump to C$40-50million range for Q2, depending on when they hook up 80mmcfpd pipeline capacity.  

https://stockhouse.com/news/press-releases/2019/05/08/canacol-energy-ltd-reports-a-15-increase-in-realized-gas-sales-and-42-increase


Canadian Small Caps

 
Canadian Small Caps

CLICK HERE to view the presentations from the Spring 2016 Small-Cap Conferences.

We are pleased to publish the PowerPoint presentations from The Small-Cap Conferences that were held in Calgary on March 30, 2016 and in Vancouver on May 3, 2016.

We encourage investors to review the presentations and contact the companies with any further questions.

www.smallcapconference.ca/presentations.php
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