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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 Oct 30, 2010 10:54am
394 Views
Post# 17635044

NOV. shall be good:

NOV. shall be good:

In checking their calender on CNE's website, they are in Santiago (Chile) and Lima (PERU) in mid NOV. And based on the info that Crotch posted earlier, that's when the THREE EXCHANGES are merging into one. And Guess which exchanges they are? PERU/CHILE/COLOMBIAN!!
No conincident that CNE will be there during this time!!

Here's the info that's worthy of reading from Crotch:

The market integration process will take place in two stages. The first, called Intermediate Routing, launches in November and gives traders in each country access to securities markets in others through the appropriate regulatory bodies. The second stage, slated for December 2011, will allow for direct access to trading markets and the standardization of market rules and regulations. Last year, the total value of stocks traded on the exchanges of all three countries was just under $56 billion. Chile—the largest exchange—accounted for $34.7 billion, followed by Colombia with $16.5 billion and Peru at just over $4 billion. Using estimates from Europe’s stock market integration, officials estimate that the total value of stocks traded could soar to as much as $460 billion as a result of integration. The integration agreement is also expected to increase market liquidity in all three countries.
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