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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: Results - sharky
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Aug 13, 2010 02:47PM

Hi sharky:

I agree with you. While I am really disappointed with the production numbers for Q2 from the Great Divide, I understand the issues that management faced and dealt with and hopefully Q3 will be a lot better with improved Great Divide and Algar production going forward. I am also very happy to see that the Refinery profit margin is 12% and that the debt has been reduced by approxmately $72 million dollars as spiderman 8 stated.

Take a look at the graph on page 15 of the new August presentation as it shows the production bumps caused by the ESP failures/ power bumps and the turnaround and the results that they had on bitumen production during Q2.

Cheers; Scott


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