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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
Post by crackiedogon Jan 17, 2011 8:51pm
656 Views
Post# 17986948

Petrolifera getting bought out

Petrolifera getting bought out
Gran Tierra Energy Inc. (TSX:GTE) is seeking to expand its presence in South America with a US$195-million friendly takeover of Petrolifera Petroleum Ltd.

Based on Monday's stock price, the offer of 0.1241 of a Gran Tierra share for each share purchased is worth $1.03 a share — a 29 per cent premium to the market price for Petrolifera's stock (TSX:PDP).

Could be an interesting day  tomorrow. I wonder of there will be any spillover effect on other Columbian juniors such as CNE?

Crackiedog

Bullboard Posts