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 AsYourLawyeron Sep 29, 2014 10:40am

105 Views

Post# 22979079

RE:RE:RE:RE:RE:I sold out

"The market wants clarity from Gamba on the latest production numbers, the Oso Pardo test results and if he is planning to sell more shares to fund the Mexican expansion. The engine that is responsible for a healthy sp is broken and the chief mechanic doesn't seem too concerned about fixing it. Our CEO it seems has chosen to become incommunicado."

- I like the engine analogy, it holds weight. Unfortunately, it is true though. I lost my faith in Gamba/management.

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