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.

TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)

Bullboard Posts

Post by SirJayon Dec 29, 2013 4:06pm

211 Views

Post# 22043589

Canacol Energy from clarity to clarity.

Look at facts! Canacol has all that it takes to become larger than large. Chinese companies are pounding in cash in oil fields all over the world and the Chinese interest in Colombia has increased rapidly over the last years. I believe Canacol won't sell, but rather partner up.
Canacol will break new grounds and it looks like they are going to start an intensive drilling program. I have no doubt that Canacol can reach $10.00 in the first quarter of 2014.

SirJay

Bullboard Posts

Gold vs. bitcoin, where should you invest?