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 Aug 18, 2011 12:23am

407 Views

Post# 18954697

RE: RE: Re Re Re Re Re: Tis one will run

Double T, the only significant NR for CNE will be its results from Capaellea...unless I'm mistaken, but an update would do wonders here, but me thinks that they'll probably save it till after Labour Day. Afterall, why waste a good opp when most people are still on holidays..judging by CNE's volume over the last two weeks, it sure seems like it! (Of course, the exception was last week for one day only when volume was @ 6 million.)

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