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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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Message: Re: Credit Facility and Covenants - MarlboboDog
4
Feb 08, 2009 03:23AM

"It also sends a not-so-subtle message to the Alberta government."

Which is exactly what Mr. Guesella stated to Amanda Lang in last Fridays interview on BNN when he said that the junior oil companies need the Alberta Government to do something about the new Alberta Royalty rate (as in roll it back).

On page 24 of the new presentation which lists Connacher's capitalization as of September 30, 2008 what does ARO in the sum of $25 million dollars that Connacher must pay represent? Is that the new Alberty Royalty being assessed to Connacher? Inquiring minds want to know.



Cheers; Scott

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