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Canacol Energy Ltd (Alberta) T.CNE

Alternate Symbol(s):  CNNEF

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.


TSX:CNE - Post by User

Post by Georgieboy1on Sep 01, 2010 6:44pm
994 Views
Post# 17405965

We should have been much higher

We should have been much highertoday but Macquairie is keeping us down! No big deal, when they're done, we'll be up there agian!  Bathbuilder, you have a very interesting play!  It looks promising, but I'll be quite frank here and that is most of the bullish plays are in gold coming from the Whitegold district.  Just check out ATC and KAM, and you'll know exactly what I mean.  I know that CNE and the gold players aren't comparable but the bulls are into these plays and I'm solidly into v. ADG right now which not only has the same mgmt teacm as ATC but also similar property!  Now, with your selection there, Bathbuilder, patience is the key!  If you're a long term believer that you're going to do just fine with your pick!  but for now, I'm just going to hang on to CNE and ADG . At times, it's frustrating to see the others move but sit tight!Now, back to CNE, once we get the results from the G wells or Capella, we're going to shoot further than what ATC did today!  53% in one day, is amazing! Cong to the ones there as I know that a few here (aka Hiker, DesertMule, and Pandora) are in that one! George
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