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Canacol Energy Ltd (Alberta) T.CNE

Alternate Symbol(s):  CNNEF

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.


TSX:CNE - Post by User

Comment by jmlguyon Sep 29, 2012 12:39pm
212 Views
Post# 20428231

RE: Canacol Energy Great Future News

RE: Canacol Energy Great Future News

Just read 2 articles where rebel activity in Colombia is a major concern. President of Colombia even having "peace talks" in Switzerland with them. How will FARC and other minor rebel factions impact our co? They resort to kidnapping and blowing things up. I own CNE and 2 mining cos,SFF and BAT. I have articles if anyone needs to see them as just received them past 5 days.

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