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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

Comment by Georgeboy11on Jun 04, 2011 9:38am
343 Views
Post# 18671245

RE: RE: RE: cmon now

RE: RE: RE: cmon now

Yo, you do have some valid points there and you're not going to get any arguments from me at all!  However, I will say that with the expertise of our mgmt team, they ought to know what they're doing for the good of the company, you'd think? 

The entire mkt have been going the wrong way over the past 10 weeks now.  If you look at some of the other major Colombian plays, they've done the same!  Yes, there's no doubt, that I'm peeved here as well because really, we would all want to see CNE above $2 right now, particularly with the TSX listing. 

However, with the mkts the way they are right now, I would love to see CNE @ $1.50 till August and then come Sept - Dec., which are CNE strong months, then BAM, CNE starts making a strong move well into $2 plus! 

We should be hearing something next week...conf is on JUne 9th, so anytime between now and then.  Yo, you just might get your wish for an operationals update!  Can't see any other reason for the NR?  Are we expecting any results? Can't be that soon! 

Cheers. George

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