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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

Bullboard Posts

Post by Georgeboy11on Jul 31, 2011 10:43pm

357 Views

Post# 18892026

The mkts are hungry now...

shall be an interesting bullish week for CNE!! With the debt crisis somewhat solved for now, you can rest assure that people will be channeling their cash into oil plays. CNE's the one! Unless there's something that I've missed, I see CNE moving well beyond $1.10 this week. Danno, you picked the right time to buy back into our gem! George

Bullboard Posts

Barrick Gold employees detained in Mali amid ongoing dispute