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 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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

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Comment by JohnnyLingoon Jan 12, 2010 2:30pm

451 Views

Post# 16669665

RE: WHAT THE EXPERTS SAY ABOUT 'CNE'

As usual, Jacobs and Hodson are bang on. As I said in an earlier post, a junior O&G's management team is absolutely critical. With this team, the CNE's chances of growing quickly to 5,000 boe/d in the next ~6 months are extremely good, and I would be buying more right now if I wasn't already very long CNE at much lower prices. If it drops down to the low .50s, that may be too tempting and I might need to average up then.

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