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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

Post by renoman1960on Mar 08, 2014 1:01pm
334 Views
Post# 22298331

ATTENTION FELLOW INVESTORS

ATTENTION FELLOW INVESTORSAs we have seen the last few weeks Canacol has been above and below 7.00 and cant seem to get traction. It disappointed before and investors have long memories. It seems that Mr Gamba has turned this company around and the future is very bright. If we can break through the 52 week high and I may take a few runs at it it is clear sailing to 8.65. From there it is 10.00 so for all who maybe thinking of selling have some patience it will happen. With more drill results and good profits the future indeed looks very bright. 20.00 seems high but it is in the realm of possibility if we get above 10-12 and we have a buyout offer who knows for sure at one time we thought the world was flat
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