Energy & Mining International - Summer 2012 - (Page 70)

E M I C A N A C O L E N E R G Y LT D . LATIN AMERICA SUMMER 2012 Benefits of Going South Colombia has created an environment friendly to foreign investment in oil exploration and production, and is reaping the benefits. [ BY RUSS GAGER ] “Colombia is a very attractive country with respect to oil investment.” // CHARLE GAMBA, president and CEO • Entrerríos, Colombia Founded without any producing oil wells, within six months Canacol Energy Ltd. had a discovery. “We started as a private company in February 2008 with no assets,” President and CEO Charle Gamba recalls. “We farmed into an exploration block in Colombia, which resulted in a large heavy oil discovery in July 2008 called Capella.” That same year, Canacol Energy Ltd. acquired additional wells. “We acquired three assets in Colombia from a private Colombian company,” he continues. “We purchased those three assets including two producing fields, which are called Rancho Hermosa and Entrerrios. When we started the company, our focus was to build an exploration and processing company focused primarily on Colombia, which was really a fraction of management’s operating experience. We have a very high level of experience, particularly in Colombia.” Another acquisition in October 2008 was a reverse takeover of a Canadian pubPROFILE Canacol Energy Ltd.. | Headquarters: Calgary Projected 2011 revenue: $80 million Market capitalization: $600 million Employees: 120 | Specialty: Oil and natural gas exploration and production Canacol Energy made a series of pool discoveries in the. Rancho Hermosa field that it brought into full production quickly.. 70

Table of Contents for the Digital Edition of Energy & Mining International - Summer 2012

Energy & Mining International - Summer 2012
Wind Financing
Latin American Energy
Mining Developments
Wabash Mfg. Inc.
Mega Precious Metals
Iron Ore Company of Canada
Rainy River Resources Ltd.
Canada Energy
Gear Energy
Manitok Energy Inc.
Chieftain Metals
IC Potash
Nyrstar Langlois Mine
Phoenix Technology Services Inc.
Waycon Manufacturing Ltd.
Tuscany International Drilling
Latin America Focus
Canacol Energy
Orosur Mining
Lithium One Inc.
Cabo Drilling (Panama) Corp.
Continental Gold Ltd.
Guyana Oil Co. Ltd.
Batero Gold Corp.
The Williston Basin
Primary Petroleum
Sanjel Corp.
Summit Energy Services
Kengor Metals LLC
Stone Energy
Holloway Pipe
McFarren Group – Appalachian Transload Services
Trumbull Corp.
De-Cal Mechanical
Buck’s Fabricating
ITI Trailers & Truck Bodies
Hamilton Machine/ ValTek Industries
Rodenberg Diversified LLC
Mazzella Lifting Technologies
Independence Excavating
Magna-Solutions LLC
Blackhawk Specialty Tools LLC
MinExpo 2012
Rail-Veyor Technologies
STW Technic
RAM Enterprise
Miner Elastomer Products Corp.
McElroy Manufacturing
REICHdrill Inc.
Gunnebo Johnson Corp.
The Timken Co.
K/M Specialty Pumps & Systems Inc.
Schroeder Industries
The Reinforced Earth Co.
Geoprobe Systems®
Sumitomo Pogo Mine LLC – Pogo Mine
Power Service Inc.
National Pump Co.
Peak Oilfield Service Co.
TonaTec Exploration
Xtreme Oil & Gas Inc.
White Tiger Gold
TransAtlantic Petroleum Ltd.
Lydford Mining Co.
MFM Industries Inc.
Crescent Companies
Tri State Tank
Aquila Resources
Armstrong Coal
EnerJex Resources Inc.
Sanchez Energy Corp.
Chatham Steel Corp.
Ad Index
The Final Shot

Energy & Mining International - Summer 2012