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 vinny01on Feb 06, 2015 3:48pm

138 Views

Post# 23405323

RE:RE:RE:Some are missing the point

The light bulbs will go on in peoples heads when they realize what a good deal this is. Canacol will be getting $6.25 per mmbtu when nat.gas is $2.60 now. How is this not good news? Q2 is due to be released on Tuesday and the 2nd flow test results are to be released any day now (Possibly included in Tuesdays release) This sub $4 share price will look very cheap very soon.

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