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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.


TSX:CNE - Post by User

Canacol Energy Ltd
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Post by rainofstockson Sep 20, 2012 12:15pm
315 Views
Post# 20391179

CNE uses TID and more

CNE uses TID and more

I posted few weeks ago that CNE will release several good news in Sep....The reserves growth is just one of them. If you read the Q2 2012 report CAREFULLY, you will read that more news will come by Oct 2012....and all of them can boost the pps.

just fyi, CNE uses TID (Tuscany Intl Drilling) as its driller.....which is another grossly undervalued stock currently.

https://seekingalpha.com/article/820861-tuscany-international-drilling-the-most-undervalued-company-in-the-oil-services-sector

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