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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: Bitumen and NG prices

Mar 11, 2008 12:56PM

 

 Jurek,

rebels...... Good post. Just wonder how would CLL use remaining C$327M ($64 is in the debt service acct) to pay part of the  $600M debt. What is the "vehicle" they can use to pay this debt on the NOTES maturing in 2015 ?

 My post stated that IF CLL couldn't go past POD1 they could repay debt. 200 is actual debt..400 is sitting in the bank. They can always invest the cash till 2015. 

 Were is this 3K bbl/d of conventional oil plus all the Natural gas coming from ?

 Did you miss the last press release? 

 DOW JONES NEWSWIRES

Bitumen production at Connacher Oil and Gas Ltd.'s (CLL.T) Great Divide Pod
One steam-assisted gravity drainage project has now surpassed 5,000 barrels a
day.
  When combined with recent average daily conventional production levels,
Connacher said it's now producing about 7,500 barrels of oil equivalent a day of
bitumen, crude oil and natural gas, about triple its production level in 2007.
  Connacher said further increases are anticipated as the Pod One ramp up
continues during upcoming months.
  Connacher is a Calgary oil and gas company. Its Great Divide proejct is near
Fort McMurray, Alta.


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