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.

TSX:CNE - Post by User

Canacol Energy Ltd

Bullboard Posts

Comment by nvestdon Jul 28, 2010 10:02am

396 Views

Post# 17302793

RE: How Significant Are These Results

Entry point is on the higher end of the scale, obviously your buying in at a 52 week high, but at the end of the day, there is huge upside potential that your almost getting for free in this stock. It is fairly valued, may be a few % higher than needs to be based on current opperations, what you are getting for free or at an extreme bargain in my eys is the exploration that will be happening for all of 2010...

added more to my position a week ago at 0.98 cents.

cheers.

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