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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: Jurek, regarding n/gas use;

Jurek, regarding n/gas use;

posted on Jun 08, 2008 09:38PM

This statement is taken from the first quarter report.----"At Marten Creak, Alberta, sales which came onstream in March 2008 approached 14 mmcf/d, which considerably exceeded our natural gas requirements to make steam at Great Divide Pod 1."---This statement suggests, to me, that they are in fact using their own natural gas needed for steam, and are now producing more than the requirement needed for bitumen production. I believe the excess is now being sold on the open market.---I'm also wondering where you got the information that states they aren't refining their own bitumen.---I had read before that in fact they were trucking the bitumen to Montana, and the trucks are returning with dilutant, which is a huge cost savings.----It's some time ago that I had read that comment, so perhaps things had changed since then.---Jurek, could you post the comment that indicated that they weren't refining their own?----CHEERS!!!

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