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

Bullboard Posts

Comment by oilismoney1on Dec 18, 2014 6:53pm

173 Views

Post# 23246762

RE:RE:A lot of manipulation with CNE

News out that China may help out Russia's currency ( currency swaps, etc. other BRICS may follow as well. ) if this does happen then the U.S. and Saudi will have no more reason to push oil down.

When will the boys in New York tell the Saudi's that it is time to back up the truck and load up on cheap american shares in oil companies.

Kind of a thank you for squeezing Russia

Bullboard Posts

Mastering options Greeks: Essential knowledge for informed trading