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 PATAGONIAon Aug 29, 2014 4:19pm

233 Views

Post# 22891376

RE:RE:RE:RE:Takeover target?

Wrong practical guy, after the national oil company drills and tests wells in the same play and the major oil companies who are to drill the wells on CNE farm-ins have drilled and tested their wells the company will immediately be a takeover target. This will probably occur in 6 months to a year. The 3 to 5 year time frame is ridiculous and you must not be in the oil business. This is assuming of course that the wells are successful.

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