Canacol Energy Ltd T.CNE

Alternate Symbol(s): CNNEF

Energy Oil & Gas E&P

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 Valley basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It supplies approximately 17% of the country’s gas needs and more than 50% of the Caribbean Coast’s gas demand. Its gas fields which produce from the Cienaga de Oro and Porquero proven reservoirs are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

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Canacol Energy Ltd

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Comment by akragason Oct 16, 2012 7:36pm

304 Views

Post# 20491158

RE: CanaCol in 2013 $ UP from hereBigTime

When I last exited CNE it was trading at $ .99 in Feb./12. I thought then, with all the resistance it met not being able to push through the $ 1.00 it was a good decision to get out.

During this summer, with all the speculation of a " buyout coming", its been on my watch list.

Today's announcement, in my opinion, and given their reserves and probable potential to grow their annual output, seems like a great entry point again to invest in a no brainer play. For those who have been following the Columbia oil plays during this past year, you know how many in that region have taken a beating.

This could very well be a long term investment that could make a lot of money.

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