Canacol Energy Ltd 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 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.

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Canacol Energy Ltd

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Comment by Georgeboy11on Oct 12, 2011 1:49pm

417 Views

Post# 19142010

RE: RE: CANACCORD ! $$$$$$$$

Pink, when the mkts are in a tailspin like they were over the last few months, it didn't matter who you are or what you had, they weren't forgiving! Remember, only the good ones survive! CNE got whipped over the last 6 months pretty darn good! (Took my profits earlier but should have taken them out a lot sooner, but came back here @ ..62 - .65 as I see this as a takeover target, down the road!)
Take a stab at my copper gem, v. DCY, which is located right along side New Gold's new Afton Mine scheduled for 2012 opening. DCY has held out very nicely over the tought mkts! George

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