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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

Bullboard Posts

Comment by yoplaiton Mar 09, 2012 4:34pm

459 Views

Post# 19651449

RE: PRE TAKE OUT ?

Canacol has what Pacific Rubiales needs! What's that? Diminishing reserves and $10 tariff oil? HAHA

To be fair J.R. I'd like to see PRE buy out Sinochems 90% share in Capella...the Chinese have not been keen to proceed with development of the hugHe heavy oil field. Perhaps PRE buying out Sinochem would give Canacol stock a much needed pop and PRE has the political pull to get Colombian forces on site to facilitate getting the drill bit in the ground.

PRE has the expertise to develop heavy oil.

Bullboard Posts

Cannabix advances marijuana breathalyzer tech