About Canoel International Energy
Canoel offers exposure to a what is a relatively unique business model for a junior Canadian resource company. Canoel looks to acquire small or distressed assets
with proven/producing reserves that are too small for the majors to consider. It then seeks to substantially enhance their value with minimal exploration or capital.
Supporting this strategy, Canoel boasts a senior board from the Italian energy sector that provides extensive business and governmental international exposure.
To date it has completed two transactions demonstrating the strategy. The first, the acquisition of a small producing oil field in Argentina. The second, a series of
gas projects in Italy.
With resource markets now appearing to have bottomed, Canoel is revitalising itself. It has successfully put its new Italian gas assets into production. A series of
expansion projects worth C$7m are now proposed offering paybacks between 1.5-3 years. Further projects are in the offering in Libya and Africa. And it has now
completed a 1:10 share consolidation in preparation for raising funds.