Re: CLL Selling Battrum Properties

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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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rebels1

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Re: CLL Selling Battrum Properties

in response to

CLL Selling Battrum Properties

BKM8572

posted on Dec 29, 2010 03:20PM

1st of all a late merry Christmas to you and may everyone have a profitable 2011

$57.5 million in my book isn't too shabby, some may bicker abouth whether they could have gotten more, but check this out.

Feb 2003

http://www.connacheroil.com/en/investor/cll-2003-02-03.pdf

March 2003

http://www.connacheroil.com/en/investor/cll-2003-03-03.pdf

So unless I've got my calculations wrong or there's another purchase CLL paid a total of 10.3 million for Battrum..This would represent a total profit minus commissions ( not sure if they spent any money upgrading the facilities) of $47.5 million in 7 years plus any revenue they got from production..

NOT TOO BAD I GUESS

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