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 > CNE takes 19.9 % of little old AXL !!!!!!

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Comment by oilwatcher13on Oct 21, 2021 12:41pm

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Post# 34033214

RE:RE:RE:CNE takes 19.9 % of little old AXL !!!!!!

OMG, this is a Gamba deal gone bad as Canacol was never paid the money it was owed from the original deal and sale of pennies on the dollar to get the oil assests off of CNE books. Just another Gamba failure and nothing to write home about... the guy is a scam artist to all CNE shareholders.... did you notice CNE has not bought back any shares for almost 2 months now, what does that tell you...

JMHO

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