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 Georgeboy11on Jan 07, 2012 11:56am

209 Views

Post# 19378700

RE: RE: RE: RE: RE: RE: RE: RE: Bloomberg report

Yo, from Day One when I invested in CNE, it was on the premise that the Chinese will take us out sooner than later. Why? Remember, they're the ones who were doing the drilling for us and of course, in Colombia, Petrochina is one of the big players there!

CNE's AGM later is going to be an exciting one....Charle isn't going to let us down, dudes! George BTW< Yo, better put in a bid on DCY as I'm hearing that next week is going to be the start of good things to come!

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