Posted: Monday Mar 2 12:23:36PM 2015
Canacol operates in Colombia. They recently switched gears to search for ngas and hit a big discovery well at Clarinete, testing close to 8,000boepd from two zones. They have take or pay contracts set to pay C$5 to $8/mcf for 83mmcfpd. They forecast reaching that production level by 12/15 and doubling production further by 12/16.
No LNG plants to build, this is being sold to local utilities to satisfy growth in Colombian demand.