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

Post by bluespruceon Feb 16, 2017 1:02pm

164 Views

Post# 25856088

credit suisse nice dance partner!

I find it consolling to know that credit suisse has the confidence in our company to come to the dance!! These guys have looked in depth at the company and decided to participate. They are a fairly conservative company as well and do not like to lose. This to me is a green light that we have a company in the making! Good times ahead. Blue ps announcement soon?,,they would have been in a blackout situation for news the last few weeks because of this news. Should be a good bet to buy in this price range.

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