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 Jun 22, 2010 10:43pm

317 Views

Post# 17213025

RE: NR- - Wins Rights In Colombia Auction Of 4 Are

Good research, Steel!! Thanks for posting!! Things are going as planned!! Remember, the PP for $50 million back in Feb?? This has helped them soldified the land auction today!! Alrighty, with FLICK's hiring, we'll see him earn his keep in the next week or two!! George BTW< any day traders with CNE has pretty much well been gone for now as those who are buying are now buying for the long term, which would explain the low volume or low turnover rate!!

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