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Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.


TSX:CNE - Post by User

Comment by trendisafriendon Sep 17, 2009 1:16am
223 Views
Post# 16313557

RE: See you at 28 cents.......

RE: See you at 28 cents.......For those of you that took my wise advice, and bought today, you have bought at a 20 percent discount as compared to the pumpers/newbies/misinformed investors that loaded up at 35 cents. As far as knowing about timing for TD, well if you have 100 k or more invested in this, why not take a trip to Columbia and find out for yourself. TD, wont be the deciding factor anyways, its going to be the flow test if and when things are commercial. Columbia and Brazil are two of my favorite areas to invest in. OIL is about to hit bull market territiory again, ASSUMING there is some kind of economic recovery in the USA> Forget about NAT GAS for now, thats for dreamers, as the North American market is going to be flooded with cheap foreign LNG's>>> AND the cost structure has changed for N.A. producers, as shale becomes more important the price of gas should likely stay low for quite some time. We will need better than a mediocre recovery in the USA to move gas prices.
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