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Canacol Energy Ltd (Alberta) T.CNE

Alternate Symbol(s):  CNNEF

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

Post by Georgeboy11on May 28, 2011 9:37am
426 Views
Post# 18638900

It has been bullish over

It has been bullish overthe last week here for CNE!!  Not going to write home about it as we're only up about .10 since the end of last week, but it does look like it wants to break out!  Could we be seeing something prior to the Montreal Conference on June 9th?  Me thinks so!  Last year, Mark T (VP of CNE) was presenting there, don't know if he'll be doing it again this year?  So, we'll see!  George  BTW, anyone pick up any v. DCY shares?  Looks to break out as well next week!  New Gold and Abacaus Mining are the two companies that are adjacent to DCY's property!
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