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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: Acquisitions

Aug 07, 2008 11:02AM
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I agree a buyout chance is minimal, although I think it is a more likely scenario then CLL being a buyer. I also agree on CLL's potential, right now it is just potential. I would say DG and CLL for the most part hit all targets up to April 2008. After that production has not increased and Algar has not been approved. Maybe he has little control over Algar approval but the production level at GD is all his, good or bad, and it hasn't changed. If they can't get production up from 14 well pairings why not start steaming the 15th, or did the second drilling of #15 also run into problems.

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