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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: Re: CLL/PDP at $1.64
1
Nov 13, 2008 05:56AM

Yes funny how things can change but we are in a situation right now nobody of us has thought this could happen.

So what to do?Looking for the future on PDP i hope in Columbia they will get better rules compared to Argentinia and no limit on their selling price and if they are lucky they find a huge resource.

For CLL it's waiting until Algar is producing and in the meantime if we are lucky and oil price couuld finally found some support and goes a little up it could place a support on the CLL sp as well.If MRC could benefit from th eoil price drop it's also not bad either.

If future has some better times ahead and ecomomic picture will have some brighter view CLL can go back again in the older pattern during the construction period.But now at current point it's not the case.

Maybe tomorrow we have some news about output.

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