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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

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Comment by Georgieboy1on Apr 11, 2010 3:06pm

422 Views

Post# 16979576

RE: CHEERS

CNE has so many catalysts going for them right now that we should get to the $1.50 plus range by the summer!!! Why?

Drilling in early May which will have results to follow
Colombian listing to generate a lot of interest before and afterwards!!
Analysts coverage...watch for the updates as GMP had CNE @ .84 and a few other houses had CNE @ .78!!

This hasn't even gotten off the ground yet!! George

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