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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: conventional oil
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Mar 28, 2010 03:58PM

Mar 28, 2010 04:14PM

Mar 29, 2010 03:27PM

I believe that the reason why they aren't focusing their energies on trying to greatly increase light oil production is because it's a relatively small part of the portfolio. I know that the lure of easy money is attractive, but let's focus on core competencies. Our future lies as an oil sands producer. Let's not waste an excessive amount of corporate resources on other revenue streams. Sure, if it's easy to get a bit of extra money without much effort by sinking a bit of time into conventional, then go for it. But we're not looking at something that is suddenly going to start making us hundreds of million dollars. Conventional oil is not going to pay off our debt, not will it build more pods.


Mar 29, 2010 10:12PM
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