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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Comment by Crotchon Apr 15, 2011 2:55pm

383 Views

Post# 18438631

RE: RE: Ramifications for Mr Flick?

I apologise for sounding like a moron. I thought that some people might find it questionable that someone from investor relations would send an email to the entire distribution list inidcating that news would be coming (providing no delays - CYA statement)...I would think saying nothing at all would be more appropriate, or perhaps an NR at the time that TD was reached laying out the testing plans. I guess my question would be - did the email influence anyone to buy or sell shares of CNE, and if so, does it really matter?

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