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

Post by Georgeboy11on Dec 29, 2011 9:54pm

387 Views

Post# 19358418

Iran's refusal for Westerners to use the Persian G

is going to send oil prices to the $150 plus per barrel in a jippy! the mkt has yet to realize just how this Iranian situation can turn into a military one! Hence, you can almost factor in a big increase in most oil producing comapany share prices...watch for CNE to make a strong movement into the dollar range easily! Pumper info? forget it, watch how this unfolds within the next two weeks in Jan!! George

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario