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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

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Comment by Georgieboy1on Oct 02, 2010 10:28pm

726 Views

Post# 17522403

RE: Another 76 bloks to play in colombia

Andres, one thing is for sure, we'll be getting some news on two fronts in Oct. When and what is the question!!! But, things are looking up now as CNE appears to be waking up now. Afterall, 5 plus million shares trading hands yesterday with just over 400 trades made and that's the largest number of trades since last month. So, it's in PLAY now.
With the Chinese pounding the table, I think the conf in Bogota coming up is going to add a lot of exposure to our gem here! Don't forget, Sinochem bought out CNE"s partner, Emerald last year and guess who's drilling for CNE...SINOCHEM! George

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