Public market insider buying at Canacol Energy (CNE)

Public market insider buying at Canacol Energy (T:CNE)

Charle Gamba, CEO and Director, acquired 32,242 Common Shares on a direct ownership basis at a price of $4.160 on June 12th, 2019. This represents a $134,127 investment into the company's shares and an account share holdings change of 7.0%.

Canacol Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Canacol Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia (OBC), which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system. It has reserves of approximately 79 million barrels of oil equivalent, which includes dry natural gas. Its production primarily consists of natural gas from its Nelson, Palmer and Clarinete fields in the Lower Magdalena Basin in Colombia; crude oil from its Leono, Labrador, Pantro, Tigro and Maltes fields in the Llanos Basin in Colombia, and tariff oil from the Ecuador IPC. Its Nelson and Palmer fields at the Esperanza block and Clarinete field at the VIM-5 block, located in the Lower Magdalena Basin in Colombia, produce dry natural gas for sale to local customers.