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 Public_Heelon Sep 07, 2015 5:32pm

176 Views

Post# 24083914

Bago

I'm not a LONG term holder (in and out several times in the last 18 months), but I agree that a LOT
of suspicion is warranted when it comes to CNE's management. They seem to never answer
questions, and restrict themselves to good news only. Bad news can only be inferred from lack
of any news. Also, the whole Clarinete thing just looks extremely suspicious, like it was "arranged"
between the powers-that-be in Colombia, using Canacol as an agent (or "useful idiot", to use
Lenin's term). The latest PP could be viewed by some suspicious minds such as my own as
those powers-that-be coming back for their reward, or at least, the part of the reward that's above
the surface.

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