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

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Comment by psmithon Oct 26, 2010 1:28pm

545 Views

Post# 17613576

RE: RE: CNE potential

Hi Folks:
Based on managements projected exit production rates for 2010 and 2011, the stock price is overvalued for 2010 and fully valued for 2011.

Of course what isn't factored into that valuation is speculation around reserve increases, particularly Guyana. If they happen to find a sizable discovery there, then all bets are off. Of course getting that field to production would best case become material end of 2012.

my 2 cents

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