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.

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Canacol Energy Ltd (Alberta)

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Post by Georgieboy1on Mar 26, 2011 3:31pm

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Post# 18345406

Next week should be the week of

the G well results, you'd think? The 50 days since Jan. is coming up next week. Has Flick said anything about this date yet? And don't forget, in about 6 weeks: Plans are being formulated to drill a second exploration well on the Takutu block by May, 2011, on either the Rewa or Pirara River prospects, depending on the outcome of the K-2 well.

We do know that Mark Teare/VP of Exploration was speaking a tthe Citibank Latin America Conference in NY on Thursday/Friday of last week. Any updates there?

George

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