Re: Poor Production
in response to
by
posted on
Jul 11, 2009 09:27PM
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
I am per my last Message here, still positive on Connacher's future, no mistake about it, and the overall Performance of CLL & GD is good IMO....(given the Oil Price World we live in- for now).
If you were to think these SAGD Plant's just up & Run easily without coaxing, you'd know little about this Process or the history of the Genre so far..
Incidentally, the GD area is already capable of more than 10K (per the latest NR), due to the additional Wells.
What I was trying to express was, that it is a bummer that we were watered down 50% in Ownership....by the Share Issue.
Either that though, or the Bankers wud have you by the " you know whats" ! Neither was a good choice, but I think RG chose the best of a bad lot! Am I real happy with how the Mgt. seems Bullet Proof ? NO WAY !
AS was stated earlier.......GET ER DONE at ALGAR ahead of Sched. & Under Budget !! Restore some faith here for the Shareholders.
Cheers to all,