Re: Poor Production
in response to
by
posted on
Jul 07, 2009 09:50AM
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
Scott,
I'd agree, all of the set-backs -Financing included, have been a major turn-off to us SH's. The Capital World has changed, so we now self Finance (at a much diluted Share value)...Pheww!
On the Process front, this is life...I know from past operating plant experience. Overall, CLL's Plant run-up at GD is going well and they are debugging & fixing problems on th Fly. The Co. is doing many things right and unscheduled downtime is unfortunately too common in new Plants.
We've waited a long time for sucess, & GD SOR's etc. are in line, we didn't collapse the Reservoir as others have at Start Up or while we had cut back..... There is also much expertise gained in house toward a smooth startup at Algar.
May as well hang in there IMO, as I, for one, have jumped to the sidelines too soon many times before.
Cheers to all Long suffering Longs!
SB