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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: Positive Opening for Monday Morning
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BNN

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May 10, 2010 10:33AM

The budget myth...is the budget $360 or $375 M. My thought was the budget was 360 with a 15 M contingency. Therefore if they are under budget, not including sunk or interest costs, it should be under $360. I think costs should come in at about$345 M, simply because of cost reductions throughout the oilsands during this construction period.

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