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Canacol Energy Ltd 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 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s 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. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.


TSX:CNE - Post by User

Bullboard Posts
Post by Crotchon Sep 20, 2011 1:16pm
384 Views
Post# 19062184

New low

New lowTalk about a depressed share price. Frick...I'd like to think we've hit bottom, but there's plenty of selling pressure here - and yeah, volume's not huge, but given the wild swings in the market lately you'd think CNE was in it's own little world.

Management needs to get this POS turned around. We're well over 50% off the high last year - sad state of affairs given the buyouant optimism last year at this time.

We "should" be seeing something in the next couple of weeks - their own timetable suggests as much...who knows.
Bullboard Posts