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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: SP Price drop
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Jan 16, 2008 05:51AM

Jan 16, 2008 07:41AM

Jan 16, 2008 07:59AM
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Jan 16, 2008 12:27PM
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Jan 16, 2008 12:49PM

Jan 16, 2008 02:12PM

Jan 16, 2008 04:36PM

Jan 16, 2008 04:47PM

Hi Martin, I'm not sure what makes the SP move, I know my figures include the PDP value. The $16.00 might be a little optimistic, but I do base it on POD 1 reaching 10,000 bbl/day, POD 2 progressing fairly well, their conventional oil production at $100 per bbl, the refinery adding margin and a recovery to $9.50 for natural gas. These things are not out of reach and would bring us close to $16.00. I'm currently redoing my numbers and revisiting the site, revisiting some suppliers of CLL and going down to the office


Jan 17, 2008 02:43PM
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