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Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.


TSX:CNE - Post by User

Canacol Energy Ltd (Alberta)
Bullboard Posts
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(2)
•••
Comment by renoman1960on Apr 19, 2016 3:18pm
197 Views
Post# 24785155

Hopefully

HopefullyWord is slowly getting out Canacol not just oil but huge gas company.
We have resistance at 4.00 but if we clear 4.00 with some luck good news 5.00 is our next stop and if oil stays low we could get bought out by a company looking to offset oil price with a gas component
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities