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: Meeting today

"...And the best for me as a long-term shareholder...

- "we have the funds available to finance our growth without consequential dilution and with our growing cash flow we anticipate achieving our mid-term target of 50,000 bbl/d of bitumen production by 2015" (=> this means that in the end they plan a production of about 100,000 barrels/d, probably by the end of the next decade. If that happens, I can retire when I'm only 47 years old :-)."

I'd never caught that before. Is that a mis-speak (or misinterpretation), or are they really gunning for much more than 50kbpd? Thanks for posting the information.

Share
New Message
Please login to post a reply