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 twizer1on Nov 01, 2010 9:50am

555 Views

Post# 17638915

RE: RE: Jennings Capital has revised the CNE

Heres how Jennings works. They revise CNE from a Hold to a Buy. They have to or will continue to look stupid. Then they assume that the next 3 wells will prove minimal. (to cover their asses) Then they pick a 12 mth target like 1.9.(really going out on a limb boys)

Its hard to believe somebody actually pays these A holes money for this. I feel projected embarrassment for these clowns.

Sincerely

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