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.

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Canacol Energy Ltd (Alberta)

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Comment by Georgieboy1on Nov 01, 2010 8:15am

390 Views

Post# 17638423

RE: Colombia Seeks Oil Investors—Again

A good info post on what's happening in Colombia! Thanks for posting, Al!
It should be interesting to note here that t.PRE will be presenting in Maimi @ the end of this month @ the Cannacord Genuity Resources Conf and I'm sure it'll be one that is worthy for all Colombian players. In fact, there will be a lot of Colombian pension fund managers there since it's only a plane ride away from Colombia to Maimi!

CNE will be @ the conference there as well, not sure if they'll be presenting as it doesn't say on their website!
Nevertheless, there's another uptick there for most Colombian plays in general! Every little bit counts! George

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