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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 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.


TSX:CNE - Post by User

Post by j.r.oilkingon Apr 09, 2012 11:58am
304 Views
Post# 19771605

Exxon Knows !

Exxon Knows !

It is obvious Exxon has no mention on their website. Why ? They know what they have is a

enormous gushing field. Why tell your other large cap players . Exxon will not invest 50 million if they didn't

know if there was something there.

Junior oil companies buy each other out. Large cap players go for the big plays !! My bet is one

of the big players why buy us out when we hit it big !

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