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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: Too much doom and gloom--Jurek
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Mar 01, 2009 08:07PM

Jurek, you stated that, "The CLL dramatic debt expnsion is sustainable, 'only', if Pod 1 + Algar is producing 20,000 bbl/d. Pod 1 by itself cannot do it without major increases in the Oil Price".---If you are correct about the cost structure regarding the production of bitumen from pod 1, then the same structure would have to be consistant with the production on Algar, or for that matter, on any number of pods that CLL would put into motion.----If the costs put CLL in the hole with the price of bitumen as of now, then having production on any other pods would be irrelavent when looking at the non exhisting cash flow.----It's debatable just what numbers are relevent until the numbers are released by management in a couple of weeks.----CHEERS!!!

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