Canacol Energy Ltd 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 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s 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. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

TSX:CNE - Post by User

Canacol Energy Ltd

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Post by werewolf10on Nov 17, 2010 1:39pm

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Post# 17719447

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-12 and snowing, really brutal drive up highway #2 late last night

On the good side CNE is heading back up towards where it should be. Is there any news on when we can expect results from Guyana?

I owned XEL at .60 and sold around .80 I'm not making that mistake with CNE I see them as similar growth potentials....... by the way XEL is around $4.30 today. Take a look at their chart and hopefully CNE will duplicate it in the coming year.

Nice to see you back in Boredhousewife, will e-mail soon

GLTA

Wolf

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