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 Aug 11, 2010 11:46pm

467 Views

Post# 17343633

RE: RE: RE: RE: An EXCELLENT RUN in the last 45 mi

Well said, Danny! .33 was only 12 months ago, but mind you, we were at .33-.37 for about two months! With oil prices falling from $81 to $77, CNE has held out extremely well! Should be seeing something soon?On another note, the Whitegold area in the Yukon is heating up which was started by Kinross taking over v.UW and now v.KAM is on a role. My v. ADG is located to KAM's property, especially, Dan Man, which is similar to CNE's G well, the grand daddy of all! ADG's warrants expires tomorrow. Results to follow early next week! George

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