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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Comment by Georgeboy11on Sep 02, 2011 4:17pm

497 Views

Post# 19008309

RE: RE: RE: Canaccord target $1.65

For a change, we ended up in the green....a welcomed sight! Ok, let's get ready for the Sept - Dec run now! Crotch, I believe that there was a general strike in Colombia for two days a few weeks ago, but that has since ended. Will we see a resurgent of CNE like we've seen in the past? $hit on a $tick, we're hoping!

I should add as well that the $1.55 and $1.65 targets were ones that we were cussing and hissing about 8 months ago, but man, those numbers are very much welcomed over here! George BTW, my coal play, v.CQ, is going to be a beauty over the next several months. Watch and see!

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