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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Comment by Ad_Valoremon Aug 23, 2010 11:01am

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Post# 17374551

RE: RE: RE: What Is a Good Entry Point?

The merger will happen on November 22. Chilean pension funds are huge, it's one of the best and most recognized pension systems in the world, funny enough instituted under Pinochet's government thanks to a group of Chilean economists sent to the US, known as the Chicago boys. These funds have massive buying power and will need to include Colombian stocks as part of their index funds. Economics 101, supply and demand. And keep in mind they are resource rich countries so they are not gun shy when it comes to metals and energy.

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