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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: Fools Paradise
7
Apr 16, 2009 08:22AM

Excellent well-researched message Scott, thank you.

"on Page 33: "While work will continue on Phase II [Long Lake] , we will wait to sanction it until at least 2010. By then we should have greater clarity on a number of fronts: Phase 1 performance, the economic environment and proposed climate change regulations.""

I don't understand what "sanction" means in this context. Does that mean they will build it but not actually start it up until 2010? It sounds like a slightly similar situation to Algar,


Apr 16, 2009 09:02AM

Apr 16, 2009 09:04AM
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Apr 16, 2009 09:31AM
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