Nov 23 (Reuters) - Canacol Energy Ltd CNE.TO :
* Canacol Energy Ltd. negotiates new gas sales contracts, initiates private gas pipeline, and forecasts 130 mmscfpd of gas production exiting 2017 and 230 mmscfpd of gas production exiting 2018
* Canacol Energy Ltd - planning to increase current gas sales from 90 mmscpf to 130 mmscfpd in December 2017, and to 230 mmscfpd in December 2018
* Canacol Energy - new gas sales contract all commence in dec 2018, have a term of between 5 and 10 years, and are with large, established offtakers
* Canacol Energy - co negotiated 4 new take or pay gas sales contracts of 100 mmscfpd with existing & new customers located in Cartagena and Baranquilla
* Canacol Energy-special purpose vehicle anticipated to raise about US$50 million in a combination of equity and debt, outside of Canacol
* SPV's new private pipeline will consist of approximately 80 kilometers of flowlines and two compression stations Source text for Eikon: ID:nMKWBK3w3a Further company coverage: CNE.TO