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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 Aug 02, 2011 7:19pm
332 Views
Post# 18896845

RE: RE: RE: RE: RE: Games being played....

RE: RE: RE: RE: RE: Games being played....Yo, I hear y'a loud and clear as I'm with you there!  However,  as we've been saying for the longest time, CNE's home run is with the Capella wells.  Mgmt and everyone else involved with the company will either go home BIG or go home without jobs...including, Charle, our President!  So, assuming that they've already started drilling, we should see results near the end of Sept/early OCT.

Flicker needs to get his $hit together and send out an updated NR for us shareholders!!  Actually, me thinks that we should be getting one this week. If it doesn't come out then I'll assume that since there's nothing substantial to report on for Sept, they'll keep this update nr till then....afterall, why waste one in Aug when you can use it for Sept, to kick off the new season! 

This will help settle things a bit....me thinks as well that $1 is our support price!   Cheers. George

BTW< Yo, you really should check out my v. DCY....patience there is required as well, but based on their location, patience is going to pay off as New Gold's mine is scheduled for 2012 to be opened and guess where DCY's property is??? Right alongside New Gold's....less than 10 km!
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