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 Crotchon Aug 15, 2012 11:02am

257 Views

Post# 20219869

Jesus Fudge

Sub 40 cents now. It just doesn't add up. Can anyone make sense of this downward spiral of doom? I suppose the complete lack of news, the complete lack of drilling, and complete lack of updates on current production, might be the culprits. For those that are new to CNE, 40 cents is where the stock was years ago when they had virtually no production, maybe two wells in Capella, and barely a pot to pee in.

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