Canacol Energy Ltd T.CNE

Alternate Symbol(s): CNNEF

Energy Oil & Gas E&P

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.

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Canacol Energy Ltd

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Post by thedave2O12on Aug 08, 2012 7:58pm

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Post# 20196399

Look at the Price = Buyout Soon Canacol

Canacol Energy at this Price with there OIL Major Partners 6 in total = Buyout Soon, Ask Canacol Management team if they Want a Takeover at a fair Price $1 per share!!! Fact is they would take it. Cash the Options and perhaps work for the New Colombian Oil Company! Pacific Rubiales did this with PetroMagdalena. Gran Tierra did this with PetroLifera Petroleum, and the next Colombian OIL TAKEOVER imo Canacol Energy. Have some better details, why but I'll Keep that to myself. Bottomline Canacol Energy Buyout is coming imo

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