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)

Bullboard Posts

Post by Georgieboy1on Mar 07, 2011 8:58am

387 Views

Post# 18243090

It has been painful to watch others move over the

and CNE didn't move up a lot, if anything, it went the other way, but dudes, it's our turn next!! March will be the start of CNE's move to my target price for exit 2010 of $3 plus!! (If it wasn't for the delay with the G well drills from way back, but you can't fight mother nature).

My target exit price for 2011 is still $5 plus!

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports