Canacol Energy Ltd (Alberta) 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 (Alberta)

Bullboard Posts

Post by Vanboarderon Oct 16, 2012 8:24pm

352 Views

Post# 20491306

Shares outstanding???

So after the deal goes through that's 629 millions shares fully diluted for CNE plus the 232 million from SHO multiplied by the exchange of shares they get in CNE means:

629 + 232 * 125= approx. 919,000,000 shares out for CNE's deal closes!!!!!

Wow, almost a BILLION shares!!!! Explains the SP dropping on the news!!!

Bullboard Posts

FE Battery Metals begins 2024 winter drill program