Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Annual Report

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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jurek

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Re: Annual Report - Reading Between the Lines/Westcaster

in response to

Re: Annual Report - Reading Between the Lines

Wetcoaster

posted on Mar 20, 2009 10:16AM

Very good post Westcaster.

One thing we have to know is that selling CLL non core assets is not that easy. ALL except PDP is taken as collateral by $600 million NOTE holders.

CLL would have to reopen the negotiations and most likely to pay 3 years interest to the NOTE holders (about $250 million).

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