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 Crotchon Aug 31, 2010 10:21am

470 Views

Post# 17399155

RE: Shh, keep it quiet here, but

A new high - sure why not!

With the spud date any day now (even though there was doubt about the abilitiy to get the trucks there due to whether) I see a nice rise in the SP as speculation builds. While we wait for K2, we can lap up the results from the other RH drill sites.

I cry a little at the thought of this thing getting bought out too soon...

Does anyone know what management's position is? Do they own 50+1?

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario