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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: Production Levels

May 31, 2011 11:51AM

I don't know, but they seem to be trying different things, steam, chemical and hope.

I bet they hoping also on results for that conventional plan.Probably they understood so far that their goals they had in mind or not so easy to meet.If they can succeed in drilling good productive conventional wells they get easier cash in hand without lower cost IMO.

If we remember their chart examples they put on line some years ago there's a lot that still has not met expectations so far.If I'm home after afternoon shift I will look up on my computer if I have these chart in storage.So making predictables is worthless .

I share your opinion idea about the NG gas cost spread over more production.Besidesz getting better bitumen price which is not in their hands the only thing they can do is searching the best mix for a low cost production and better production levels.If they can't prove better ,higher and stable production this stock can hang for a long time in past trading zone .

What could be behind the fact they won't give free production numbers till August ?Maybe the factor hope is their bet on reaching some attractive goals to please investors.The biggest support for investors is when insiders itself buy their own shares on a bigger scale then now.The fact they don't is prove they have not a big fate in their own capabillities.

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