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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: Re: 4th quarter and 1st quarter estimates Oilsands only - Jurek
PDP

Feb 22, 2010 12:59PM

Feb 22, 2010 01:14PM

"The only hope is the Algar`s successful production."

Yes that's right .I guess instead of betting Algar will be running at 10.000 bpd next year we better take a lot less if we see where POD 1 is now after running more then a year.

Assuming 15.000 bpd for both is maybe much better.

After todays news again on PDP we face again the fact that only facts on a longer time are the most reliable to count on.

Take pod 1 .Designed for an output for 10.000 bod.

Since the start up they drillied extra well pairs ,put ESP pumps on most well pairs and still they don't have reached the designed output.So for making calculations in the future we better take a very cautious approach instead of just simple admid that things would be fine as well for Algar.

The 2015 goal for the rest I also don't rely on.



Feb 23, 2010 02:03PM
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