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Canacol Energy Ltd. Encounters 133 feet of Net Oil Pay in the Leono 1 Exploration Well in Colombia

CNE:n tänään päivitetyssä presentaatiossa tuo Leonon sisällä näyttää olevan 4 neljä huippua ja rakenne ei näytä hirveän homogeeniseltä.

Kana Kollilan maita Zoomerin hollilla

Canacol Energy Ltd. and ExxonMobil Sign Agreement for Shale Oil Exploration Project in Colombia

Key terms and conditions

Pursuant to the terms of the FOA, ExxonMobil will carry the cost of the drilling and testing of up to three wells to test conventional and unconventional targets in the La Luna and Rosablanca formations, both proven oil source rocks in the area. The first two wells will be vertical wells, while the third well will possibly be a horizontal multi-stage fractured well. It is anticipated that prospective intervals of the La Luna and Rosablanca will be cored and logged within the first well, and stimulated and flow tested within the second well. Should ExxonMobil choose to proceed with a third well, it will possibly be a horizontal multi-stage fractured well. Under the terms of the agreement, ExxonMobil will pay 100% of the cost of the three wells, up to a cap of gross US$15 million for each of the first 2 wells, and a cap of gross US$ 17.5 million for the third well should it be a horizontal lateral well exceeding 4,000 feet in lateral length, and US$ 15 million should it be another vertical well. ExxonMobil will also pay Canacol US$ 2.2 million upon execution of the FOA for back-costs related to the acquisition of 3D seismic on the block in 2011. The total potential investment on the block is approximately US$ 50 million. In return, ExxonMobil shall earn 50% of Canacol's 40% interest in the contract. Vetra will remain as operator of VMM 2 during the exploration period and expects to spud the first exploration well in late 2012. The formal assignment of working interests as contemplated by the transaction, including Canacol's 20% interest, remain subject to the approval of the Agencia Nacional de Hidrocarburos (ANH) of Colombia.

Canacol 2012 ohjeistus

Eilisestä tiedotteesta:

• Capex $150 miljoonaa

• 44 kaivoa(brutto)

• Keskimääräinen tuotanto 14,000-16,000 tynnyriä per päivä

Capexista rajoituksesta 2/3-3/4 voisi tulla liiketoiminnan kassavirrasta($26-30 miljoonaa per neljännes), loput taseesta. Varmaankin tekevät vähintään yhden annin ensi vuonna, siinä määrin tiukalle budjetti kiristää taseen.

Kaivoista 42 Kolumbiaan, yksi Guyanaan ja yksi Brasiliaan.

Tuotantoennusteen toteutuminen merkitsee 27-45% kasvua vuoteen 2011 nähden. Ennuste ei sisällä exploration-kaivojen mahdollisia vaikutuksia. Tuotannosta suuri on yhä Rancho Hermosan tariffituotantoa, josta CNE taloudellisesti saa vain murto-osan(noin 1/6 tavallisesta WI-tuotannosta).

Lopuksi sitaatti tiedotteesta purtavaksi:

With the closing of the Carrao Energy acquisition in November 2011, Canacol has exposure to 138,000 net acres of conventional and unconventional light oil exploration opportunities in the Middle Magdalena basin. The contracts are situated in a potentially large, unconventional oil shale fairway centered on the thick Cretaceous La Luna formation analogous to the Eagle Ford formation, which underlies much of south and east Texas. This unconventional play type has received considerable attention from international resource play operators in recent months. Ecopetrol is targeting over 25,000 barrels of production per day from the Middle Magdalena unconventional shale fairway by 2015. The blocks are also favourably situated on a shallower conventional oil fairway in proven producing reservoirs in the offsetting blocks.

Guyanassa vettä

Canacol Energy Ltd. Provides Update on the Apoteri K-2 Exploration Well in Guyana

CALGARY, ALBERTA -- Canacol Energy Ltd. ("Canacol" or the "Corporation")(TSX VENTURE:CNE)(BVC:CNEC) provides the following update of the Apoteri K-2 ("K-2") exploration well on the Takutu Block in Guyana. The K-2 well reached the programmed total measured depth of 9,812 feet within the Apoteri Formation, the primary target of the well, on April 20, 2011. The top of the Apoteri Formation was encountered at 8,300 feet measured depth ("ft md"), with light oil and gas shows encountered from 8,300 to 9,376 ft md. Reservoir quality in this zone however is poor based on openhole logs and drilling indicators. Three drill stem tests ("DST's") were performed in this interval, one was a mechanical failure and the other two were mechanically successful but failed to recover any reservoir fluids, indicating very tight reservoir.

Starting at 9,764 through to 9,812 ft md mud losses of up to 3.6 barrels per minute were encountered, indicating the presence of a significantly fractured reservoir zone within the Apoteri Formation in proximity to the main bounding fault. A DST was performed across this fractured interval on April 22, 2011, testing approximately 1,500 barrels of formation water per day with no trace of oil. Although excellent reservoir quality was encountered in this interval of the Apoteri Formation, the fractured reservoir appears to have been penetrated below the oil – water contact, defined by the interval of oil and gas shows higher up in the section between 8,300 and 9,376 ft md.

CNE on lasketellut siihen malliin, että tietoa on tainnut päästä hieman ulos jo etukäteen. Enään osakkeen hinnassa ei juurikaan ole ilmaa. Kaivon muuten porasi Tuscany.
Omista Canacoleista suurin osa tuli myytyä jo viime kesänä, mutta jäljellä olevat ovat vielä 50% plussalla. Sisäpiiri dumppasi lappujaan innokaasti helmi -ja maaliskuussa, minkä olisi pitänyt olla vahva myyntisignaali.

LEG päivittää ja CNE julkisti rahan poltto-ohjelman

LEGACY OIL + GAS INC. PROVIDES OPERATIONS UPDATE

"The Company drilled 22 gross (17.9 net) wells in the fourth quarter 2009, resulting in 22 gross (17.9 net) oil wells, for a 100
percent success rate"

"At Taylorton, the well completion technique continues to evolve, with the three most recent Legacy operated wells achieving a
26 percent average improvement in the first 90 days oil production rate compared to the historical average"

"At Heward, analysis has determined that a number of previously drilled Bakken producers had been frac’d out of zone. Legacy
has revised the completion program and fracture stimulation treatment and applied it to the three recent Legacy operated wells in Heward. The three wells have achieved a 37 percent average improvement in the first 30 days oil production rate compared to the historical average"

"Concurrent with the execution of the development program,
Legacy continues to evaluate and bring forward incremental opportunities that could add significant value for shareholders; including work‐overs, infill drilling, step‐out drilling, secondary recovery projects and greenfield initiatives"

Canacol Energy Ltd. Announces US$46 Million Capital Program for 2010

"Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX VENTURE: CNE) is pleased to announce a US$46 million capital budget in 2010 for exploration and development activities in Colombia, Guyana, and Brazil. The budget includes the drilling of 15 wells, which include 3 exploration wells, one each in Colombia, Guyana, and Brazil, and 3 appraisal and 9 development wells in Colombia"

"The Corporation anticipates production to average 4,200 barrels of oil per day (“bopd”) net production revenue in 2010, with an exit rate of 7,000 bopd, which excludes any production resulting from exploration success. Canacol has US$25 million in cash at the end of Q4, 2009, and the 2010 work program is expected to be fully funded from a combination of cash on hand and cash-flow from existing operations"

Jos 7000 tuotanto saavutetaan vuoden päätteeksi ja WTI= 60-70 niin 100% nousua vuoden sisään. Tuo Capella on kinkkinen siinä että 10% osuus ei anna juurikaan vaikutusvaltaa projektin eteen päin viemisessä, varsinkin kun operaattori on melkoisen iso. Mutta tuo 10% arvo voi olla myytäessä (kun kenttää on kehitetty hieman enemmän) enemmän kun CNE:n tämän hetken EV.
Lisätä pitäisi.