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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: Patience is a vitrue
3
Nov 18, 2007 01:44AM

Nov 18, 2007 05:20AM

Nov 20, 2007 08:43AM
I still think this is a home run.
The rate is up slightly, but it will be taken out in 7 years or less, with mostly depreciated US dollars, and it may be sufficient to allow CLL to achieve sufficient mass in terms of production cash flow to continue the development of subsequent Great Divide pods.
Don't forget that we are dealing with a fraction of a resource, now classified as bankable reserves, that has a projected life of over 25 years.
To be slightly impaired for a few years at the outset in order to tie into the vast potential of this project is a favorable trade off,  IMO.
I think it is another feather in the CLL managements' hat to find a path to steady state production without diluting further at this juncture.
One or the other was going to happen.
I like this one.

Nov 20, 2007 10:17AM

Nov 20, 2007 12:30PM

Nov 21, 2007 06:31AM

Nov 21, 2007 06:51AM

Nov 21, 2007 10:55AM
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