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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: Alberta offers incentive program for oil companies

Alberta offers incentive program for oil companies

posted on Feb 05, 2009 11:11AM

This could be a blessing for CLL if the OIL price will not increase to $65 at the end of 2009.

REUTERS Alberta offers incentive program for oil companies

CALGARY, Alberta, Feb 5 (Reuters) - The Canadian province
of Alberta plans an incentive program offering short-term
assistance to small and mid-sized oil and gas companies,
Premier Ed Stelmach said on Thursday.
In the text of a speech to a business audience in Calgary,
Stelmach offered no details of the plan, but said provincial
Energy Minister Mel Knight would look "at the cash-flow
situation facing our junior energy companies," and would
consult with the industry.
Stelmach's speech also called for banks to "do their
part".

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