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

Free
Message: Re: Conference Call Tomorrow - 2 Questions

Though I completely agree, I doubt we will get a straight forward answer. To have a chance of an open and honest answer, the question will likely need to be asked multiple times in different ways by different people. Gusella himself should step up and answer the question. Not leave his #2 to answer this question. Merely the way it is handled will tell us the quality of the men!

Brian

Yes these two questions from Scott are really good ones but i don't think they will answer that.Therefor these guys are to proud to admit on a CC.

To me it's very clear that SAGD technic is a very complex one and it's hard to predict if a designed plant can get the output they planned.So it's also obvious they played poker when they capped production just when they had reached a nice output.Eeven with the help of the ESP pumps and other holes they still are not on track.

Then the hedge debackle.You don't hedge when when you're almost at the bottom.

IMO they made 2 decissions which cost us a lot of sp performance.Still can"t get it why we are at this point in comparison to one year before.

Share
New Message
Please login to post a reply