Presentation Question

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

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Presentation Question

posted on Jun 17, 2008 05:48PM

Just watched the presentation and am glad I did because it explained a lot.

One thing that bugs me is slide 24: Great Divide - Engine of Growth. Would someone explain why the Net Revenue and Cumulative Cash Position on the right chart dips so low in 2011? I would think it would be higher with 3P and etc. than the 2P and etc. My guess is with more reserves that for some reason it costs more to get into production, but there's probably a better answer.

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