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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: Q4 report
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Re: Q4 report

in response to
Q4 report
by
jurek
posted on Mar 19, 2010 09:03AM

Production volume numbers are not good.

Q4 Conventional Oil production ...down 26%

Q4 NG production ....down 17% (down 35% since LUKE purchase)

Q4 Bitumen production... down 14%

Q4 refining margins ... negative 7%

all the above was self inflicted with voluntary cuts made thru an in house decision that in hindsight was not the thing to do other than that the ship is now on course and better than on time.

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