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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 thedave2O12on Jul 31, 2012 10:08am
134 Views
Post# 20168534

Canacol Energy TAKEOVER CHINESE OIL MAJOR

Canacol Energy TAKEOVER CHINESE OIL MAJOR

Emerald Energy was Takeover By Sinochem Canacol's Partner in Capella and now Pacific Rubiales Takeover of Portofino control, sooner or later it these Great prices Canacol Energy will get a Takeover Offer."Chinese are Buying like there is no tomorrow, with $15,000,000,000 Takeover of Nexen!" Well with Canacol's heavy oil acres, and thus reserves, plus there Shale oil acres which Exxon and Shell Value and Partner with Canacol, it is clear that this Prfitable oil Producer has some Superb properties, in which an Oil Major will take a run at it, and imo BUYOUT CANACOL ENERGY> Cheers..

Bullboard Posts