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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: Algar

Algar

posted on Jan 20, 2010 12:04PM

Just read that Oilsands Construction costs are now forecast to to be about $30,000 per flowing barrel, where as 6 months ago it was about $35-$40 K per barrel. If this comes to fruition for Algar then costs should be about $300 million instead of the $360.

One can hope.

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