Agoracom: Small Cap Investment - Connacher Oil and Gas

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

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morning action

diggersam

Jan 02, 2009 07:19AM

BKM8572

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Re: morning action

in response to

morning action

diggersam

posted on Jan 02, 2009 09:48AM

digger:

Yes! It would be nice to prepared to rapidly restore Pod 1 production and go forward with Algar.

It is critical however that one has a margin for oil backsliding in price before Connacher makes undue and hasty commitments regarding significant diminution of capital. One does not want to go to the expense of expanding production and making the expenditure on Algar, only to find out oil prices back slide again beneath break even.

Brian