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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: Sharky

Sep 06, 2008 05:22PM

Sep 06, 2008 05:25PM

Sep 07, 2008 07:35AM

Sep 07, 2008 08:33AM

I criticized DG for early financing. I still believe he was too early. IF Algar was approved today the search for financing might have taken a little bit of time, but CLL has paid roughly $90,000 a day in interest since the financing on only the Algar portion. My estimates show about 9 months too early have cost us about $24 million in bottom line profit. How much extra bitumen would have to be produced to recover $24 million of bottom line, not top line, bottom line? Hindsight is 20/20 and what is done is done, approval is still not here, although I believe it will be within the next 6 weeks. So no hats off to DG from me, yet.


Sep 07, 2008 10:15AM
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Sep 07, 2008 05:42PM

Sep 08, 2008 05:41AM

Sep 08, 2008 06:03AM

Sep 08, 2008 07:00AM
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