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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

Jurek

Like I said I wasn't or am not 100% sure on the royalty issue. I will double check, my understanding of it, is that it does not increase until the capital money is earned back, on net profit of the segregated operation, not on gross revenue.

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