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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: Thinking about Q3 results

Spide,

Very good summary. I would categorized as optimistically realistic. Cornergas estimations are more cautiously optimistic.

Common guys, both of them deserve 5 star rating for their work.

Wetcoaster,

Nice piece of work.

One thing I would suggest is that boe (barel of oil equivalent) is very misleading and may lead to wrong cash flow ( example: CLL-LUKE- NG cash flow is more less negative if you include all expenses) but it adds up over 2000 boe to total production number. It is funny how this thing is reported in the financial report.

The same thing applies to non realized foreign exchange gains. They are reported in the earnings but do not contribute to CLL bank account. This is just for the accountants to have some fun with the numbers(what do say Booster?).

Scott,

Do you think that something does not adds up with the Reuters numbers?

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