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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

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Comment by Georgieboy1on Jan 15, 2011 2:47pm

489 Views

Post# 17978264

RE: RE: RE: RE: I'm in

The exposure to the TSX will mean that the bigger funds will look at us; particularly, the ones in Colombian and Peru. Why? Because, they would only buy companies who are listed on the TSX exchange! So, expect some buying there, but all in all, everyone's waiting for the G well results, which is in Feb as it'll be the '50th or so day' as per their expectation after spudding the well! George

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