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 03, 2010 12:27pm

763 Views

Post# 17651552

RE: I have a feeling that

It's a given that the BIG BOYS (aka PENSION FUNDS) are buying into CNE as per the volume over the past few days!
The question is WHY??? For us as long term holders of CNE, the answer is very obvious: seems like da boys like what CNE has in Colombia and Guyana!! We'll soon see!
G well should be spudded by mid Nov with results coming out in late Dec or early Jan, at the very latest.
Dudes, don't forget about the conferences next week!!! And as I mentioned earlier, the three exchanges will be merging @ about the same time! Wow, should be a beauty for ALL COLOMBIAN PLAYERS!!! George

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