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 Oct 15, 2012 2:52pm

253 Views

Post# 20485294

RE: RE: RE: HALT

Could be, but my money's on a CNE-SHO merger (as per the doc). They were both halted within minutes of each other. No other O&Gs were halted to suggest a link to CNE and anyone else. News on a well hit/miss doesn't usually result in a halt, unless there's a partner involved and the two NRs read differently (so as to suggest different results). I guess it's all speculation at this point...either way, it's a frustrating wait.

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Advancing flagship Ishkõday Gold Project in Ontario