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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 Georgieboy1on Mar 02, 2010 10:08pm
508 Views
Post# 16836316

RE: RE: GTE may take a look at us.

RE: RE: GTE may take a look at us.Hey Bathbuilder, I totally missed the NR as I was away all day today.  (I'm focused on a few housing projects here in Arizona, which is where I work!)  In any event, I'm pleasantly surprised to see that we're down instead of up!!! As said before, this is acting very similar to the dog days of summer in July and August!!  We won't be getting any materialistic numbers till around Q2 which will move us signifcantly. and of course, once we get closer to the Colombian listing then we'll be moving as well!  I'm sure the CNE boys will get the momentum going once CNE gets closer to being listed on the exchange there!  George  BTW, my money is on the Chinese taking us out down the road. Hey, why not?  They have exclusive access to what's going on out there with CNE already since they're doing the drilling...remember, our partner, Emerald??
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