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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Comment by Crotchon Aug 20, 2012 9:13pm

139 Views

Post# 20239813

RE: RE: Darren B Engels target

Bosslady - not to be the negative ninny here, but there really isn't all that much going on, is there? No presentation update in almost 2 months, and with only one drill in the ground, I'd say things are looking bleak for the moment. I'm not saying they won't turn around, but CNE royally screwed the pooch when they failed to capitlise on the momentum we had in the new year. 2012 is shaping up to be a massive letdown (seem familiar?).

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Advancing flagship Ishkõday Gold Project in Ontario