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: For Those Who Are Nostalgic
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Good work bbg.

I would add 1 more date to it . POD1 going Commercial in March 2008 and reporting first cash flow. 20 months from the approval.

dk,

I listen to the conference call 2 days ago. Q&A session was most reviling. Management was under very "intensive drilling" by annalist from the investment community about the POD1 operating cost, MRC performance, 2008/9 capital spending and loan covenant.

Interestingly the $373M 2009 total capital spending for Algar, POD1 ($28 M), MRC ($26M) will "eat up" CLL line of credit and CLL projected cash flow based on $80 WTI Oil.



Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply