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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 Dec 20, 2012 11:32am
352 Views
Post# 20755905

RE: RE: wrath of r/s

RE: RE: wrath of r/s

Unbelievable how the uneducated seem to reign supreme here. Dave"the basher" is merely stating a fact that rs almost always means a short term(or longer) death spiral. But most of the rookies here praise the move as if it came from the Mount. Had I known the well paid guys at the top were contemplating the evil plan I would have avoided this co. like the plague. Yes, the assets are decent, but management is in dire need of a viable plan to bring assets to bottom line. I own 3000 shs of the "new co' and thats 3000 too many. Unless management releases excellent drill results by the first week in January the damage here will be as bad as any Mayan prediction. Get off your duffs and demand action from management!

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