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

Bullboard Posts

Comment by Crotchon Apr 07, 2011 8:03am

319 Views

Post# 18397632

RE: Is it time to head for the hills?

Reputation will be in the shitter if it's a leak. As I said earlier, CNE has a lot on the line. If Gambe and company are willing to sacrifice the prospects of a multi-billion dollar company, be my guest. I just hope regulators are ready to jump in to "protect" the shareholders, or punish the wrong doers.

If it's a leak from SGI or GSA, I'm not sure what the recourse is - CNE threw its lot in with them for the Guyana play...let's just hope it's impatience and a wee bit of market bullying.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario