Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: Conventional production
6
Mar 12, 2008 10:19AM

The 2500 boe number might be an oil-equivalent number for the NG production. However, I seem to remember from two or three years ago that Connacher has always had a small amount of conventional oil production from old wells unrelated to the Great Divide. In fact, I think some of these wells were in two different areas in Saskatchewan, if I remember correctly. Although I also seem to remember a lower number, maybe 1000 or so boe, not 2500. Maybe the 2500 number includes both things.

Either way, although I don't have any numbers right in front of me and don't feel this is important to take the time to look up, I'm pretty confident that yes, Connacher does have a small amount of very conventional oil coming up from good old regular pumpjacks, in Alberta and/or Saskatchewan.

I do also seem to remember a small item on the financials a year or two ago where there was a small revenue recognition on the balance sheet relating to the sale of assets which might have been some of the above-mentioned wells. Seems to me that it was a tiny amount, certainly much less than $10m. Quite a while ago though.


Mar 13, 2008 09:18AM
Share
New Message
Please login to post a reply