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 jewel1on Feb 15, 2011 12:13pm

367 Views

Post# 18136340

What Will Be The Next Catalyst?

When can we expect any drill results from Guyana? Does anyone have any idea what the conditions are like in Guyana for drilling? Are there a lot of weather related delays? Are the Guyana results already factored in as Eric Nuttal seemed to think? Does anyone have any idea when there might be a TSX listing? Does the stock have to be above $3.00 for this? Am I wrong, or does the fact that this financing which was a bought deal not bode well CNE, i.e.does it mean that brokerage houses have faith in it? I noticed that when this type of financing happened for CAN it did well after that.

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