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.

TSX:CNE - Post by User

Canacol Energy Ltd

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Post by captwadeon Dec 16, 2014 12:47am

298 Views

Post# 23234222

RE:RE: Pummeled

Glad you're in too. I'm sure we'll both do well. In the end I had to laugh because I just ended up taking my own advice. I had previously mentioned what I felt was a usual sweet spot during the third week of Dec. Last week I heard Kevin O'leary refer to this week as,"a week of carnage". His remark reminded me of that sweet spot and that helped me hold off.

I agree with you on the idea of favourable gas tests. Any news on that front would certainly help with the comfort level and any new contracts would be icing on the cake.

I find my biggest problem right now is fighting the urge to go totally overboard on this one.

GLTA.

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