"You made a lot of assumptions in your response"

Scott,

Actually in my very short post (2 sentences and 1 question) I did not make any assumptions.

I just pointed out that the title of your post is based on the daily newspaper info. In return you made a lot of assumption (based on some reporter story) to come with the conclusion that the CLL`s SAGD is a lot better then Nexen`s.

I do not own any Nexen/OPTI shares so I do not care much about their future. One thing every one invested in Oilsands should know that Long Lake Project is very different than POD1.

To start with:

They deliver 39 Deg API premium light oil and getting WTI prices for their bbl ($55 netbacks). They do not have to buy or use diluent and use only very small amount of NG.

CLL is selling heavy (8 to 9 Deg API) bitumen which have to be mix with diluent and sell to to Nexen/Opti for upgrading. Yes, they actually make money on CLL bitumen.

If you would check you can see that their high SOR is a result of several wells being in the steam circulation stage and not producing the oil yet. The same when POD1 SOR was above 6 while steaming the reservoir. Projected steam will drop in time to average 3 .

One can go on and on. The point is, that your post tile:

"Connacher's SAGD production is a lot better than Nexen's "

is inaccurate and very misleading. I am sure, based on your previous research work, that you can do much better then this.

Respectfully, Jurek