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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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Aug 09, 2008 09:28AM

Yes I agree with your concerns .Let's see Tuesday if we get some news about that issue.Four months is indeed a long time to test .

I have no idea about SAGD operation but if you would file for a higher output later in time like they had in mind (POD 1A) then I think you must be sure you can achieve a higher output then 10.000 bpd.So how can you test this if you're running at 8.000 bpd?

Maybe a stupid question but someone of you guys here had an answer for this.

We knew already the 15 well pair was not a succes and needed to redrill.

Good news would be if we can hear the testing is ok and also the 15 well pair is in place and can be switched over for production.

In fact I don't like the chart .What is the reason for the drop after a climb to around 4.6.In light of coming results Tuesday we are going down instead of up .So is the oil price the reason ??Poor performance from the TSX .PDP #??

Sometimes I get the feeling they hiding something .Hope I'm wrong and we get a good answer Tuesday.

Now with latest sp at 3.9 shorts have created space enough to let it run up in case of good news for 1 to 1.25 $ .

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