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 Crotchon Nov 15, 2011 2:52pm

208 Views

Post# 19239000

RE: Manipulation will soon end here in this range!

Well Geoge - I wish that was true. Someone keeps piling shares into these lower levels...one minute you see a 500 wall, and then blammo it jumps to 50K...rinse and repeat. I've been seeing the same thing at 69 and now 70 all day.
You gotta think that if soemone is manipulating they have to be running low - but then you gotta realise there's 500 million + shares out there. Lots of room for manouver.

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