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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 oilbuzzardon Aug 10, 2011 5:03pm
290 Views
Post# 18928296

RE: RE: RE: RE: FARC attack on Alange

RE: RE: RE: RE: FARC attack on AlangeGents,
There were 3 chinese engineers kidnapped in June as well that were working for emerald resources. Apparently they are demanding 3 million for their return. These guys were working for Emerald resources a.k.a our cappela engineers. Not sure what kind of impact this is having on that fields development because nothing has been posted. Canada is also signing up the free trade agreement with colombia today. The Colombian government needs to bring the heat on the FARC and the ELN. These groups are ruining the country. I sure hope they get this under control soon. This kind of bull makes a guy appreciate the great country we live in. 
For anyone who wants to know more of whats going on in Colombia just google FARC news Colombia and you'll see it all. 
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