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

Bullboard Posts

Comment by Crotchon Nov 30, 2011 6:39pm

245 Views

Post# 19281065

RE: .52 options murky deal=bad day

If today was any indication, I think we'll see the 50 cent range sometime soon - and that is f'n nuts! 2 years ago this thing was in the 40s with next to no production...and here we are 20% off that SP and 10x the production, twice the land, etc...unbelievable.What's interesting is the hiring of the former Ecopetrol guy, Diego Carvajal - assuming it's the same man. Could be part of yoplait's guess that CNE is just pimping itself out for a takeover.

Bullboard Posts

Investors eye Australian gold mining projects amid promising developments