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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: 4th quarter and 1st quarter estimates Oilsands only - Jurek- Royalties
PDP

Feb 22, 2010 12:59PM

Feb 22, 2010 01:14PM

Feb 23, 2010 02:03PM

Thanks, good to know. I guess, over time (looking at a full decade in scope), this will have somewhat of a smoothing effect on royalty expense increases. Perhaps better than an "all or nothing" point of going from 1% to 30% about five or six years from now. Of course, the drawback with this system is that expenses will increase earlier. Probably starting next year, as the numbers seem to indicate.

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