Canacol Energy Ltd (Alberta) 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, 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.

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Canacol Energy Ltd (Alberta)

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Comment by Georgieboy1on Dec 30, 2009 4:57pm

487 Views

Post# 16627369

RE: RE: RE: RE: Which one is better, CNE or ALE

CNE also has more explosive action then ALE!!!! CNE was sitting in the thirties for the past 10-12 weeks and then made its move in early Dec and has a lot of momentum going forward. With ALE, it was sitting in the mid 50's and 60's way back when and has dropped quite a bit, despite making a slight recovery lately. Why the drop then? CNE has both thumbs up here! George

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