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 Georgeboy11on Dec 05, 2011 12:45pm

384 Views

Post# 19292504

RE: RE: RE: RE: CNE Q2 Profits Will Be $20,000,000

P, I'm still here, but @ a much reduced position as I sold out earlier and put those profits into my v.DCY gem. Now, you're right about mgmt, as they're usually pretty good about pulling rabbits out a hat! Could see this move into the 90's if the unnamed company is a worthy one with a good reputation!
Now, as for the CFO, are you referring to 'Brian Hearst'? If so,nope, he's too young to be retiring! George

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