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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: EUB Approval

Jan 31, 2008 11:14AM

Jan 31, 2008 12:42PM

Jan 31, 2008 01:24PM

Jan 31, 2008 02:25PM
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Jan 31, 2008 02:55PM
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Jan 31, 2008 04:30PM

FWIW I agree with you Cage because delay of Pod 2 seems to be one of the largest risks right now. We have these outstanding loans that are losing more interest than is being made. If there's a problem with Pod 2 approval, wouldn't it be prudent to also be working on Pod 3 approval?

These guys know their business, so I'm more curious than worried. I can think of a couple reasons they may not be going for another approval:

1. As mentioned take things slow, labor shortages, etc.
2. Possibly all sites considered so similar that if one has trouble, they all will.
3. Possibly the application process is more resource (cost & labor) intensive than we would imagine.
4. Does work have to proceed within a certain timeframe or the process has to be restarted?

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