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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: Cash flow

Cash flow

posted on Apr 29, 2008 10:06AM

MGM has once stated that there could be a possibility to upgrade POD 1 to a higher output with almost the same installation.

If they would examine this project that could bring in more cash with a minor cost instead of building another POD 3 after Algar.Maybe Algar too could ,after a nostart up problems and reservoir is acting very well ,have a possibility for more then a 10.000 bpd production.

Let's hope MGM will not go searching for extra cash to proceed in their projects.Better make first the highest cash with current installations until they have enough to finance the rest.

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