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: National Geographic Article

Re: National Geographic Article

posted on Feb 22, 2009 02:41PM

Thanks 2C for reminding us about limitations of alternative technologies in the oillsand sector. I may add that Thai process mention by NN did not proved itself yet. We are still waiting for the PBG results from the new major modification they apply to this process last year.

Changing or improving technology at CLL plants is not the option at this time for another important reason. CLL has no financial recourses to do it.

At this time we are on the preservation capital mode. We need over $80 million per year to service our $880 million debt. Present operational cash flow does not support our interest payments, never mind the expensive alternative technologies.

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