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 14, 2012 9:31am

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Post# 20214337

.PORTOFINO GREAT RUBIALES/CANACOL

During this event, Estrella announced the official formation of Estrella Petrolera de Colombia (EPCOL) which is the result of the acquisition of STS de los Andes, Petroland, and Zigma by Estrella International Energy Services Ltd. Currently Estrella has nearly 500 employees along with 18 drilling and workover rigs in Colombia.LOOKS clear that Canacol energy will be taken over in 2012, like my BLOGS HAVE SAID BEFORE, huge oil reserves drilling up now PACIFIC RUBIALES KNOWS, in fact they lose Rubiales field in a few years so look at the dots... PORTOFINO CANACOL 1,000,000 ACRES AROUND IT $$$ Capella billion barrels FACTS!

thedave2012

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