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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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My first impression (I'm printing the documentation out to read) is great news on 2 fronts:

1. Fist of all, this expresses confidence the price paid for bitumen will increase enough to profitably operate both sites. Of course as someone mentioned previously, if one is profitable they both should be, but it may suggest circumstances are expected to be such that Algar will be implemented.

However I'm wondering if -- reading between the lines -- thoughts are leaning towards significantly expanding Great Divide first as a less costly option to faster progression with Algar? Sounds reasonable.

2. Secondly this expresses confidence of increases in reserves. The original plans were (as I understand it) to produce 20k bbl/d for 25 years before sites Algar & Great Divide depletion. New plans of 44k bbl/d for 25 years is an increase of 120% ... this is huge. They're saying the current two sites will produce more than double the original plan.


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