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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: Re: Mums the word on Pod1 production level / Scott

You said: "Gusella should stick to reporting production levels in the quarterly reports and at the annual meeting and leave it at that. That is my advice. That is what other companies do in the oilsands and Connacher should do the same"

Actually some of them regularly report average production level. The good example is Suncor who provides monthly, their average daily production rate.

http://www.suncor.com/en/newsroom/2418.aspx?id=3221

This is done to inform the shareholders with the operational performance.

I do not agree that this is a bad thing to do. Being honest and straight forward with the shareholder pays off on the long run. Broken promises on the other hand are creating the confusion and loose of trust which effects the share price.

Sharky,

Good to see you on the board.

I totally agree on your comments about commodities prices in relation to the $US. Some posters here are still did not wake up since June 2008. They think that $150 OIL was a reflection of the Peakoil or demand for Oil and did not notice that all commodity were going up to the stratosphere and $US was going down.

Funny thing is that higher WTI in $US does not necessary means higher bitumen prices in $CAN. Never mind the inflation effect on the production cost. But this is another story.

Dean2

How on earth CLL can produce 50,000 bbl in 2015. Did you ever did any homework on this subject ?

Good luck to all , Jurek

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