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)

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Post by Georgeboy11on Aug 13, 2011 3:44pm

621 Views

Post# 18939164

Tis one will run soon...just be patient!!

Dudes, if this one was going to tank, it would have last week, but CNE has held up quite well! Lower volume over the last three trading days. Remember earlier in the week, Citigroup started things off for us as they made a cross and got everyone else involved with volume @ 6 million plus for the day!

Let's pop this one in the dollar range plus next week!! Speaking of POP, another oil play that's looking sparkling clean is v.POP....that's going to be a beauty, my friends!

George....btw, Yoplait, with v.DCY, things should be good there as well...just be patient as they'll be drilling soon. What's an extra two weeks there!

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