Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: The Stops---

ONE MILLIONTH BARREL. Hmmm....At $60/ Bbl + -thats Significant Cash!SB



It is major cash but not at $60/bbl. If you talk about net cash flow you have to take to consideration Weighted average Bitumen netbacks in the period when 1mln bbl of bitumen was sold since the POD1 was declare "commercial" in March 2008.

The average will be about $35 to $36 per bbl.

Refer to my previous post for the Q3 netbacks numbers.



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