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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: Scotia Capital notes on CLL 2009 Report
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Hi Ludwig,

No, no much comments on conventional just... "lower then expected production levels'.

The funny thing is that conventional Oil netbacks (Saskatchewan) was $3.1 million on ~900bbl/d production (zero investment) and the Oil-sands netbacks were only $3.6 million on ~6000 bbl/d production (~500million POD1 investment).

Some posters, embedded with the management like to concentrate on the 40,000 to 50,000 bbl/ day future production numbers and forgetting about the only number which is important, the cash flow available for the expansion. Negative free cash flow means new loans or share dilution.

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