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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Comment by SirJayon Feb 20, 2015 4:57pm

215 Views

Post# 23449791

RE:RE:Canacol Energy LTD Worth At Least 4.50$ / Share

My bet would be if CNE will aquire any company it would be as you say PTA.

however there are a few smaller companies operating in Colombia that CNE could take a bid at.
PRE & GTE could take CNE out that is true.

But as I mentioned earlier. Canacol does it's best to become the largest independent gas and oil producer in South America and so far they are doing quiet a damn god job.

CNE has no problems getting cash if they need it. I ratheer see CNE taking over PTA than any Company getting their hands on CNE at unfair value.

Either way CNE is cheap at this level and so I buy.

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