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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: EIA fo 44,000 bpd - Sharky

May 13, 2009 09:45AM

May 13, 2009 11:55AM

Hi Scott

TNX for reply.Yes good statement from you .They missed the train when oil was up to 145 and when they are able to ramp up a full speed oil price plummetted.

Now oil it coming back they had financials problems to built further onAlgar but you're right because it takes a long time to get these approvals it's better to have then on hand when things improve.During all the years we are in CLL they hadn't the time on their side.Let's hope it works this time in future.

Didn't they not mention at what average price of bitumen they think to achieve nice cashflow and to gp on?


May 13, 2009 12:43PM
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