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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Post by Gladtidingson Jan 25, 2011 5:51am

563 Views

Post# 18021251

Coming AGM of CNE has

Amended Stock Option Plan for Directors, officers, employees and consultants of the company granting up to 5% of outstanding shared on a non-diluted basis that is up for approval by shareholders on Feb 8. That tells something. Rewards are in place for what is coming down the pipe when exploration results start to come out.
Current stock price in the 1.40's is what is being priced by management for the latest share options to directors and officers.
Time to load up before this thing runs again.

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