Connacher's working interest on Petrolifera's drilling in Peru

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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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Road_Warrior

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Connacher's working interest on Petrolifera's drilling in Peru

posted on Mar 18, 2009 05:34AM

While reading through Petrolifera's 2008 Annual Report on page 21, I was reminded of the following fact of Connacher's interest in Petrolifera's drilling program which will take place later this year in Peru:

"Connacher also retains a convertible 10 percent carried working interest through one well on Block 107 and Block 106 in Peru. " This could turn out to be of significant value one day in terms of the huge reservoir potential surrounding the prospective wells on these two Blocks in Peru. There is a lot of potential value for Connacher here.