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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 Nov 05, 2010 9:23am
474 Views
Post# 17662817

Think for a moment here...

Think for a moment here...awhile back, when CNE made it's announcement of it's listing on the Colombian exchange, there was a good upward movement in the share price.  Now, speculate to see what can happen when they make their announcement about the TSX listing??  Based on the sheer volume of CNE in the last two weeks, do you really think that this is only a venture exchange stock??? It has to move up to the big board sooner or later or should I say sooner than Later!!  Who knows, US listing in 2012?  George
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