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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
Message: Re: new topic
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Apr 20, 2009 11:57AM
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Apr 21, 2009 07:48AM
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Apr 21, 2009 09:33AM
If you are referring to OPTI Logan Lake project which Nexen has the partnership interest in, IMO the answer to your question is NO.
2C may add his 2 cents to this subject.
CLL does not have the in situ upgrader. It would take $200M to $300M to construct one. Most of their remaining cash reserves are dedicated to 2009 interest payments and improving POD1 operation.
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