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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 Iran150on Mar 23, 2012 9:48am
226 Views
Post# 19709171

CNE UP 100% .53 to $1.06 Great BUY CNE

CNE UP 100% .53 to $1.06 Great BUY CNE

Canacol Energy (cne) has 3,000,000 acres in rich oil lands   Colombia growing oil production,  CNE already had a Fantastic run , and going higher $3 to $4 per share even Analysts saying these facts on BNN Triple. Look at this news, "An environment where companies are encouraged to take mid-term risks has to be created. In the US, it wasn't the majors that developed the shale boom, but the smaller companies. They are normally the companies who are more flexible and take charge of development more rapidly," Colombian Oil Boom, Shale Oil Canacol has Partnered with Shell, Buyout Possible Goldman says Best time to Buy in 50 yeras.

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