Re: Just talked to investor relations

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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jurek

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Re: Just talked to investor relations

in response to

Just talked to investor relations

Nick21

posted on Apr 19, 2011 08:32PM

Good job Nick.

The email you provided actually works well. I have got most of the reply's the same day.

It is interesting that we have the Refinancing discussion every few months and everybody forgets the conclusion and the question pops up for the deliberation again and again.

You ask them about the new light oil production. If you look at their latest operational updated, you could come to conclusion that the new production is insignificant, about 60 to 70 bbl/d +/- 30 bbl/d.

This comes from CLL official February bitumen production numbers reconcile with the total of 15558 BOE/D production including 14050 of bitumen, 1200boe/d of NG and 1/2 of sold last year Buttrum production of about 350bbl/d.

Q4/2010 production was $15188boe/d similar to recent highs in February.

March production was not revile in the April 7 updated becouse this would skew the big headlines. In March 800bbl/d Battrum production will be gone forever. Similar thing will happen with the 1200boe/d of NG production.