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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: Re: What Is Going On?

Apr 15, 2009 01:32PM

Apr 15, 2009 02:17PM

Pardon my speculation but as a potential, a merger of of Nexen/Opti/CLL? They are all in the same area with adjoining properties and would ultimately make for a potent force in the sands.

With Connachers recently filed application for expansion of GD/ALGAR and phase 1 of Opti, total production would be approximately 110.000 BPD.

Additonally, Nexen/ Opti already has their initial upgrader of 2 planned up and operational. And a second SAGD production of another 55,000/BPD on the boards.

A combination of these three participants would be a prodigous potent presence in the oil sands.

Brian


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