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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Comment by Haoleboy1967on Jun 14, 2014 11:06am

194 Views

Post# 22660379

RE:RE:RE:RE:RE:RE:RE:RE:RE:Brent over $112

These guys are first class operators and you are correct in the fact that the pps does not fully reflect the value here
"price is what you pay - value is what you get"
unless you are a seller you should be happy with a low pps - it gives me time to add
i am not a seller until the pps reflects the value here - $12 or so in my humble opinion
20 succesful wells in a row for

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