Canacol's Buyout .CANACOL ENERGY UP 17% ON VOLUME AS BUYOUT TALKS TAKE SOLID STAND... IMO. .ALERT ; ACHOTE 1 FINDS OIL IN COLOMBIA. PARTNERED WITH PACIFIC RUBIALES IN THIS PORTOFINO OIL BLOCK DRILLING IS SAID TO HAVE FOUND OIL, IF CONFIRMED AFTER CORE / LOG THIS WILL BE HUGE FOR THIS PROFITABLE PRODUCER CANACOL ENERGY AGAIN PARTNERED WITH PACIFIC RUBIALES....Canacol Energy = Sinochem, Exxon, Ecopetrol, Shell, Pacific Rubiales, Schlumberger 6 yes 6 ..... 6 Awesome Oil Partners of (CNE) Canacol Energy in Colombia, WITH oil @ $114 per Barrel again and Capella Canacol's has 2 Billion Barrels (10%) CHINESE BUYOUT ANALYSTS SAYING. BLOGS TOO. Love Love Love it. CHINA HAS $3 TRILLION IN CASH YES $3,000,000,000,000 IN CASH TO TAKEOVER / BUYOUT OIL COMPANIES TO FEED IT'S GREAT FUTUREEmerald Energy was Takeover By Sinochem Canacol's Partner in Capella and now Pacific Rubiales Takeover of Portofino control, sooner or later it these Great prices Canacol Energy will get a Takeover Offer."Chinese are Buying like there is no tomorrow, with $15,000,000,000 Takeover of Nexen!" Well with Canacol's heavy oil acres, and thus reserves, plus there Shale oil acres which Exxon and Shell Value and Partner with Canacol, it is clear that this Prfitable oil Producer has some Superb properties, in which an Oil Major will take a run at it, and imo BUYOUT CANACOL ENERGCANACOL ENERGY NEXT.He said the question will recur since the Chinese are looking for more secure supplies of oil, but 75 per cent of the world’s supply is held by state-owned companies and not for sale. Of the remaining “free” oil open to acquisition, half the reserves are in Alberta, he said, making it likely the energy-hungry Chinese will be back.Colombia and Canada great places to buy oil now..Colombia Oil Buyouts from Deep Pocketed Chinese oil majors, are smart to buyout oil companies at this stage. Nexen just Takeover target for the Chinese.Alberta oil and gas producer Nexen Inc. has agreed to a takeover by the China National Offshore Oil Company worth US$15.1 billion, the company announced MondayCALGARY, ALBERTA--(Marketwire - July 24, 2012) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE) (BVC:CNEC) is pleased to announce that Pacific Rubiales Energy Corp. (TSX:PRE) (BVC:PREC) (BOVESPA:PREB) has executed a binding agreement with Petrolera Monterrico Sucursal Colombia, whereby it has agreed to acquire from them a 40% net participating interest in the Portofino E&P contract located in the Caguan-Putumayo basin of Colombia. Concurrently, Pacific Rubiales has also executed an agreement with the Corporation whereby, among other things, the Corporation has agreed to transfer operatorship of the contract to Pacific Rubiales following completion of the next four (4) wells to be drilled on the contract. Under the terms of the agreement, Pacific Rubiales will operate any commercial discoveries made on the contract. In consideration for the transfer of operatorship, Pacific Rubiales has agreed to pay the Corporation the sum of US$3,731,000 and has agreed to provide the Corporation with the option to participate pro-rata in its interest in the Portofino contract, as well as in all pipelines and transportation infrastructure projects in which Pacific Rubiales participates in respect of the evacuation of crude from the area. Canacol maintains a 40% net participating interest and is designated operator of the Portofino contract, which represents approximately 103,472 net acres. The Corporation plans to drill six stratigraphic wells, which include four wells on the Portofino contract and two wells on the Cedrela contract, in a back-to-back drilling campaign. The first well, Achote 1, located in the northern part of the Portofino contract, is anticipated to commence drilling by the end of July 2012 Read more: https://www.ctvnews.ca/business/chinese-oil-giant-purchasing-canada-s-nexen-for-us-15b-1.889268#ixzz21UapZI00.. In Fact Colombia is in many circles the next hotspot for Chinese Takeovers, with Petrominerales, and Canacol Energy being the next buyout targets,because of there Great Value at current prices, much like Nexen before the 61% premium paid by Chinese oil Major today. Canacol Energy some huge oil reserves in heavy oil, and Partnered with Exxon and Shell in SHALE OIl drilling 2012. Cheers Everyone, Chinese buyouts in Oil Colombia....