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.

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Canacol Energy Ltd

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Comment by werewolf10on Jan 27, 2011 4:14pm

346 Views

Post# 18036850

RE: RE: K2

Thanks Danny,

I thought it was around the middle of Feb when the drill stops and the tests begin. Thanks for sharing the e-mail content.

K2 (Guyana) for me, has always been the wildcard for CNE. They will continue to increase shareholder value with their Columbian plays etc. but if a new large reserve is discovered in Guyana....that will greatly impact the share price on the positive side.

Wolf

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