Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Possible Venture Partner for Connacher

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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BKM8572

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Re: Possible Venture Partner for Connacher - Brian

in response to

Re: Possible Venture Partner for Connacher - Brian

B-Jay

posted on Oct 17, 2010 08:22PM

PDP A bust!

Luke A bust!

POD 1 Essentially a bust. So far way over budget, production disappointment and voracious devourer of capital! Cost to common shareholders? SP less than 50% of what it was twenty seven months ago!

Algar? We can only hope for lessons having been learned with also a decent dose of luck. Which based on performance to date in the history of management competence, is precious little to hang ones hat on!