Re: NG ownership

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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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Re: NG ownership

posted on Mar 24, 2009 06:40AM

NG - Yes and in fact during the conference call, it was mentioned Connacher has a 30% cushion of NG. They (we) currently produce 30% more NG (at Luke) than is used for Pod 1.

Also with respect to the $18 production cost per barrel, comments were that the cost had been running much higher, but with efficiencies put in to place, the hope is to get the cost down to $16 to $18 per barrel.

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