bbqdays;

I agree with you about the 7,500-8,000 bbl/d in that I thought as well that current production would be higher than this. It appears to be very tricky to increase production upwards. It appears that they have to adjust different things on a day to day basis to achieve an increase and this is a slow process. They mentioned that the 5 ESP's take time to work so I guess there will be slow incremental increases over a period of months. Their explanation that there have been bottlenecks to work out on the ramp up is new information I think.

I was not aware that before that Connacher will ramp up to 9,500 bbl/d on an annualized basis and operate at 95% efficiency as the total at Greate Divide. This is new news.

The corporations cost to produce the bitumen for Feb and March was $20/bbl , whereas "During the first quarter of 2009, the Corporation's upstream unit operating costs, including those related to conventional oil and gas. were $17.73/boe" . I don't know how useful this number is because it is combining bitumen and conventional oil and gas.

It was first mentioned in the conference call in May that the MRC refinery is now producing 9.950 bbl/d which is higer than the 9,500 figure which is usually given.

New news is that "recently, the Corporation completed sales of asphalt for US$78 per barrel" and that this is in addition to the 250,000 bbl of asphalt that has already been presold for over US$100 bbl. This is good news if we can get this type of price for the remaining 850,000 barrels of asphalt that we will have for sale this year.

This is the first time I have heard of a 275 day timeperiod to complete Algar production when it is resumed.

This was the first time I learned of a waste treatment recycling facility being build at Algar to handle the solid waste from both Great Divide and Algar, and that Algar construction is including the ability to be expanded to handle additional well pads later on.

Best Wishes; Scott