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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: Algar done on time maybe on budget... Road_warrior

Hi Scott,

definitely, it is good new.Connacher and DG have never had delivering interms of actaul hands on, like building. The issue was the debt and dilution that they did not see it coming.

More than the 3 day ahead of schedule, I am delighted that Algar has 30k design capacity. My understanding is that if the approval to produce more than 10k is given, then cll can produce 20k more from ALgar in litterally months after approval.Is this true?

But in case of Pod 1 they have to expand as its design capacity is only 10k??

It this is true then, cll can produce 40k by end of 2011. They have applied for the expansion and algar can produce 30k in interms of design. I have this exusion rubs over pdp.

thanks

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