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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: Connacher's Future Production

Connacher's Future Production

posted on Oct 01, 2008 11:45AM

G'DAY ALL;

It seems to me that I recall that Connacher's permit for 10,000 bbl/d is for the entire year of 2008 and is an average. For example, up untill commerciality was achieved on March 20th, 2008 our production as we were ramping up was very small and now that we have reached 9,750 bbl/d on September 30th we will have a large opportunity to increase production until the end of the year over this 10,000 bbl/d number.

For example if Conancher is permitted to produce 10,000 bbl/d x 365 day this adds up to 3,650,000 bbl for the year. Am I correct in assuming that when the 15th well pair is online that we may produce 12,000 to 13,000bbl/day until the end of the year. If we are permitted a total of 3,650,000 bbl of bitumen for 2008 so far we may have only produced 500,000 to 600,000 bbls of this from Jan to Oct 1 year which should allow us to sell as much oil as the Great Divide can produce until the end of the 2008. Can somebody confirm or verify this? This may have been stated at the General Meeting or on one of the web presentations.


Cheers; Scott


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