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Canacol Energy Ltd T.CNE

Alternate Symbol(s):  CNNEF

Canacol Energy Ltd. is a Canada-based natural gas exploration and production company with operations focused on Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5 and VIM-21 blocks located in the Lower Magdalena Basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). In addition to its producing blocks, the Company also has interests in several natural gas exploration contracts in Colombia.


TSX:CNE - Post by User

Bullboard Posts
Comment by straightupon Dec 15, 2010 1:02pm
519 Views
Post# 17850730

RE: RE: RE: Dec Presentation

RE: RE: RE: Dec PresentationFrom the presentation: Logging RH8 now and so far the logs look good.
As others have said not that much risk here anymore. Reminds me of Bankers Petroleum at $1.00. They just have to develop this amazing heavy oil asset and price will rise, only CNE also has RH to bring in on the cash flow to fund everything else. A little patience and buy the dips. It is consolidating an amazing year very nicely I would say.
Bullboard Posts