Re: A Question for CLL Investors! - BKM8572 - 2crude?
in response to
by
posted on
Sep 20, 2009 02:54PM
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 agree with you Scott that Brian may have come on a bit strong, and lacking a direct source, could have chosen his words better. Agreed.
But let's assume it's pure conjecture and speculation (just his point of view): it's clear we haven't achieved production levels we had since the partial shutdown last December and although the 4 ESPs may be the factor, we are almost approaching 9 months with no clear sign of when we should be achieving 10k bbl/day production again.
From "heat" inception, POD1 took only 3 months to start producing, and then quickly achieved it's designed production level to almost 10k bbl/day. In addition, our entire timeline for Algar is based on the same premise.
I understand that CLL management incurred additional capital expenditures to "improve" capacity at the Great Divide, and to that end, may be taking a more cautious approach - but to a layman shareholder as myself, it would be reassuring to be producing 10k bbl/day by now.
Perhaps, 2crude could shed some light on expectations. For example, with 4 new ESPs, the added pairings and the 9 months to date, should we be expecting 10k bbl/day anytime soon, or is it too early yet?
Best of Luck
Booster