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.

TSX:CNE - Post by User

Canacol Energy Ltd

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Comment by Georgeboy11on Nov 13, 2011 9:54pm

301 Views

Post# 19234203

RE: Price Targets

To be frank, the downgrades are happening because CNE was trying to find some direction in regards to where the company is heading for 2012 and beyond! I believe that Bloodhawk's earlier post hit the nail on the head for CNE. CNE mgmt team has finally come up with a game plan that shall add confidence to this once 'darling' of mine! My other darling, v. DCY, is going to be making some noise come Spring 2012 which is about the same time that CNE will be roaring once again! George

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