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.

TSX:CNE - Post by User

Canacol Energy Ltd

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Comment by puntabeachon Jun 04, 2013 3:04am

239 Views

Post# 21479676

RE: Canacol SA article

Excellent said practicalguy. It seems that some folks have VMM2 and SANTA ISABEL on their radar.

By the way, this bullish article about CANACOL is also posted under AOIFF (Africa Oil) and MAUXF (Mart) and TAOIF (TAG Oil) tickers at Yahoo/finance. You can hit these tickers at Yahoo to find it (Headlines).

The author also notes that he may buy Canacol among all the 5 plays mentioned.

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