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 renoman1960on Jan 11, 2014 10:16pm

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Post# 22082061

RE:Is there a take out sign brewing ???

CANACOL WILL GET BOUGHT OUT IN NEXT 3 MONTHS BY PRE AND THEY WILL PAY OUT WITH STOCK AND AND SHARES IN A NEW SPIN OUT COMPANY TO BE HEAD UP BY GAMBA, THEY PRICE SHOULD BE 13.00 - 15.00. GAMBA IS THE MAN TO START UP THIS NEW COMPANY HE CAN SMELL OIL FROM 10 MILES AWAY AND HE KNOWS THE LAND LIKE THE BACK OF HIS HAND

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