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: like BKM I am also getting tired of this....

Increase to WTI means small increase to Royalty expense. With 2500 barrels fixed at $49 until end of year an increase to WTI means a decrease in cash on this portion. Therefore about 2/3 of Oilsand money is effected by WTI change, positively. A good solid consistent increase of 1000 bbl/d in production would bring about 1.5 to 1.7 million cash per month. Even an increase of the $49 to $75 only helps to about $600,000 per month. So simple math means production means 3 times as much (in this instance) as pricing.

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