Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.

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Canacol Energy Ltd (Alberta)

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Post by yoplaiton Aug 16, 2012 4:36pm

397 Views

Post# 20226690

And now for something completely different!

Pacific Rubiales (2nd largest oil producer in Colombia and a CDN company) has just been granted commercial license for it's Quifa heavy oil field...expect production and share price to move up. PRE also involved in various pipeline and port transmition operations in South America.

PRE up nicely over the last 2 days and is a buy (IMHO) i've owned PRE since $13.00 a share and am buying more.

PRE is looking to make possible initial acquisition moves with it's ownership interest in OYL in offshore Guyana and now with CNE's potential heavy oil block Portofino...Achote 1 spud a little late on Aug 4, 2012 according to Flick.

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