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Canacol Energy Ltd 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

Bullboard Posts
Post by Crotchon Jun 07, 2012 1:51pm
293 Views
Post# 19990174

Duster on the way or something else

Duster on the way or something else

We barely took part in the rally yesterday, and here we are today down 3% (consistent trading at the 64 level today). No wells in the forecast, but a duster was my first thought. My second thought is why the controlled buying selling in this range (62 - 66)? In light of the massive trades made in the last hour a little while ago (when 10 million shares traded hands) this seems even more suspicious. My gut cringes at the thought of a buyout that offers a 30% premium on the current price...or even 50%...

Bullboard Posts