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, 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.

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Canacol Energy Ltd (Alberta)

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Comment by yoplaiton Apr 30, 2013 1:20pm

171 Views

Post# 21319747

RE: Yoplait?

WOW answering what I think are CNEs problems is like wanting everybody on this board to hate me! Wait a sec EVERYBODY ALREADY DOES.

I still hold a reduced position after tax loss selling last year so I keep an eye the nrs to see if UNCONVENTIONAL shale oil will ever be discovered on their properties. If so then all is not lost, but NO more spec buying for me.

Also think upper management needs to WALK THE PLANK to rebuild confidence Aaaaaaa Uuuuuu Ghaaaa.

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