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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Post by werewolf10on Apr 10, 2010 12:16pm

390 Views

Post# 16977875

RE: CHEERS ALL AROUND DUDES!!!

It's been a great ride so far. I sold out of GTE to buy CNE and that was a good move. Got into CNE @ .53 and have enjoyed the share price increase of late. I like the size of the casing in the latest news release. The Columbian listing can't be anything but good news as there are no other oil companies other than Columbian listed on there right now (well maybe one). It's hard to say how much that will impact the price. I can't even guess.

The next big obstical is the $1 mark. Many institutes will not look at a stock until it hits that price. Hopefully that will be very soon. A great first well would really get this running.

GLTA
Wolf

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