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Canacol Energy Ltd (Alberta) T.CNE

Alternate Symbol(s):  CNNEF

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

Comment by Georgeboy11on Mar 15, 2012 10:24pm
349 Views
Post# 19678465

RE: RE: RE: Capella 2 Billion Barrel Reserves News

RE: RE: RE: Capella 2 Billion Barrel Reserves News

Don't worry, Sgand, Stockhouse took down one of his buds, and soon, they'll be right on IRAN, JOAN, Whatever else he calls him:

 

Stockhouse Publishing Ltd. has filed a lawsuit in the Supreme Court of British Columbia seeking an injunction against a user who has been creating an excessive number of new accounts, sometimes at the rate of 184 per day. The suit complains that the user, identified as Vancouver resident Daryl MacAskill, has become a substantial drain on time and resources. Stockhouse is asking for a court order that would bar him from creating or using accounts on its website.

The allegations are contained in a notice of claim that Stockhouse filed at the Vancouver courthouse on Feb. 28, 2012. It identifies Mr. MacAskill as a sometimes carpenter who lives in downtown Vancouver. He has been a frequent user of Stockhouse's forums over the past 12 years, posting under various aliases including "stoxxman," "Ace Ventura" and "Jeff Drakes."

The problems that Stockhouse complains of began in November, 2011, when Mr. MacAskill started creating a large volume of accounts on the website using e-mail addresses that were in the names of other people. The suit does not say how many accounts he made, but states that at one point he was creating as many as 184 per day. He continued registering the accounts even after having been suspended, prohibited and blocked from the website, according to the suit. Mr. MacAskill used the accounts to post material to the forums that was either defamatory, inaccurate, threatening or inflammatory, Stockhouse claims.

In an attempt to solve this problem, Stockhouse reached an agreement with Mr. MacAskill on Dec. 8, 2011, in which it would allow him to post on its forums using one account, which Mr. MacAskill chose to call "Stoxxman_Prejudice." In return, he would be expected to abide by the forum's rules. According to the suit, the truce did not last long. Less than two weeks later, on Dec. 20, 2011, Stockhouse suspended the Stoxxman_Prejudice account because Mr. MacAskill had once again posted material that was not suitable.

After the suspension of that account, Mr. MacAskill continued to create multiple new accounts, the suit states. This resulted in Stockhouse having to expend considerable resources to minimize his activities on the forums.

The suit seeks an injunction against Mr. MacAskill as well as general damages, interest and court costs. The case was filed on Stockhouse's behalf by Vancouver lawyer Ludmila Herbst of Farris Vaughan Wills & Murphy LLP.

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