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 Crotchon Nov 30, 2011 12:09pm

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Post# 19279133

RE: Wow I actually got an email alert with the

About Agueda-1 - I thought the same thing, that the "missed 47" implied a well...but I'm not so sure, since the presentation says they plan to drill it. Maybe it's seismic data they're going on?

What I didn't like about the presentation was the lack of background on Carrao - I had hoped for something more substantive than just their logo plastered here and there.

Not much for guidance either. I could only findi evidence of 2 wells fo RH, 1 each for the mid-Magdelana (Or Eagle Ford II!), and a few other test wells. Nothing for Capella, except long term guidance.

Oh well.

I was about to push the sell button this morning if this thing saw a rally...but noooooooo, she decides to go in the opposite direct.

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