Re: Poor Production
in response to
by
posted on
Jul 13, 2009 03:57PM
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
PEAK Oil is all about a DEPLETING resource ie there aint no more,for those who dont beleive that theorey then the fact is that todays Oil requires a HIGH PRICE for exploration and production,
Because of BBL price came down Connacher halfed production in an effort to hold on to future reserves said reserves would garner a higher price,the timming was off and the shutdown is slow to return production to preshutdown,BUT it will be resolved,the GOAL is for 50000/bbl or more and it will garner a higher price,said price will more than makeup for any loss of production hey JIMVHO eh?