Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: Paying down debt

FWIW,I think Connacher's mandate is to go it alone but they leave the option of taking on a partner,IMHO production increase will attract more debt but the object of the developing PODs is to produce sufficient cashflow to satisfy debt, without the debt there can be no production increase,I think the goal of 50000/bbl has to be front and centre in calculating numbers,its all about how long and how much it will cost to get to the 50,00/bbl,factors such as WTI pricing and DEMAND are the intangebles ,of course that,s what investing is all about.Todays numbers are intimadating but if and of course that's a big if costs come down and this we have already seen from reports of the Algar are encoraging ie costs are down,there is no reason to not expect production numbers will come in as expected ,going forward Connachers plan is on Track,IMHO tacking on a partner will speed up and enhance Connachers goal..

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