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.

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Canacol Energy Ltd

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Post by thedave2005on May 08, 2014 12:13am

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Post# 22537010

Peter Imhof : Canacol Energy (CNE) Top Pick on BNN

.Has been a Top Pick in his last 3 appearances at $2, $4 and $5 and has done extremely well. Came out with some excellent exploration results that were 2900 BOEs with about 2300 net to them. Continuing to cash flow very well and their net backs are increasing. Just raised $125 million. Really likes the story and thinks you will hear a lot of good news. There are some big targets out there for over the next 6 months.
Peter Imhof on BNN Top Pick Canacol Energy (CNE) Really Likes Canacol, with Massive Targets in next 6 Months and a lot of Good News with Leono, Pantro, Labrador, Mono Arana, Capella, Ecuador, Shale Santa Isabel.
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