Re: Old stuff
in response to
by
posted on
Jun 02, 2009 09:45AM
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
So if it not going to ALgarm where is it going.
If, as I have sugested before, if the future production of Algar can quickly and cheaply be supplanted by light oil, then even better, then fund ALgar with cash flow from pod 1, refinert and ligh toil, then we can have 24,000bbl/da from algar in 2015. and we can have about 650,00boe/d instead of 50,000.
If this 170million is not commited to Algar then better be used somewhere else that can nimbly be used to increas a positive cash flow
Thanks