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: This is the best part of the news...

This is the best part of the news...

posted on Sep 29, 2008 05:25AM

"The impact of these volume increases in recent months has been reinforced by continuing reductions in related unit operating costs, especially for bitumen production. In August 2008 , for example, these unit operating costs were estimated to have been reduced to under $20 per barrel, which were well below levels recorded during the earlier stages of our rampup at Pod One. Further unit operating cost improvements are anticipated as 2008 progresses, as our recent volume rampup will spread associated fixed costs over our larger production base."

I think DG is issuing this to further enhance mkt percption of cll. This lower cost i think is very good for the company.

Comments? GLTA

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