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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: Some back of napkin number crunching

Re: Some back of napkin number crunching

posted on Aug 30, 2009 06:51PM

This and other following comments are very interesting "as for the ramp up, hope for the best; BUDGET realistically. until 10k bbl/d is maintained, you're just cheerleading. a fair number would be 8k."

The remarks lead me to wonder, do you believe we will get to the target 10k bbl/day at GD? Mention was made that all such SAGD projects have problems, but I interepret the comments to say the projects eventually do (with more $$$ and debottlenecking) reach the goal. Otherwise one could imagine to reach 10k bbl/d, the design would be for 12k bbl/d. Probably what would seem normal to insiders, may seem a little counter-intuitive and possibly even unsettling to others.

Thank you for explaining.

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