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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: Production

Production

posted on Mar 30, 2010 03:33PM

The new slide show indicates that they still have difficulty getting up near the 8000 bbl/d level. It looks like they have a 1st quarter average of about 6900 bbl/d which is consistently less then stellar results. It does look like they now are at about 7300 bbl/d.

I am surprised that the SP didn't drop back to the $1.40 range. Low NG prices will keep operating costs down but they need to produce. No indication as to whether they are on budget for Algar or even if the contingency is needed. Have to assume the full $375 will be spent.

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