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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: SP Price drop

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

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