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Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: Poor Production
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Jul 12, 2009 12:46PM

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?

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