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 oilbuzzardon Mar 12, 2012 11:03pm

382 Views

Post# 19660725

RE: RE: PRE TAKE OUT ?-yoplait

CNE has been dragging their a%^ when it comes to exploration. Cedrela hasn't started to drill yet and may not for quite a while. The workover hasn't started yet and you can bet money if it had they'd put out a press release letting us know. Myself and yoplait have been in this stock since 2010. 2011 was a brutal year. They didn't do 80% of what they said they would do in their "presentations". Lets just hope they turn the corner this year. This was also a very good blog before the pumper trash ruined it for everyone. I cannot name how many morons I have on ignore now because of this blog. Brutal.

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