Mums the word on Pod1 production level

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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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oilman

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Mums the word on Pod1 production level

posted on Nov 04, 2009 01:03PM

I believe Pod1's sub-par production performance is holding the SP back more than the action of the market in general. Connacher's model and future success is dependent on their SAGD design. If they cannot achieve design levels at Pod1, one cannot assume that they will be able to acheive them on future projects.

I have not heard anything on Pod1 production levels since the last shutdown in September.

Either Connacher is attempting to downplay the importance of achieving design capacity or they are going to suprise stock holders in the next earnings release.