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 Georgeboy11on Jul 09, 2011 8:22pm

608 Views

Post# 18814755

RE: Divining the Canacol Entrails

Yo, a very good post...good to hear this one from y'a! Keep in mind as well that Charle et al are placing all of their marbles for the RH wells....they're going to be like me...either going home big or going home small! And if they spud nothing, CNE is toast and so are the rest of the mgmt team! On the other hand, if they hit, your target of $2.25 is like a fart in a hurricane as this one will move to $3 in a heartbeat! George

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