Agoracom: Small Cap Investment - Connacher Oil and Gas

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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Road_Warrior

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Hedges In Place

posted on May 05, 2010 06:55AM

The following appears on Connacher's website under Hedging:

At April 16, 2010, Connacher had the following hedging contracts in place:

February 1, 2010 – April 30, 2010 – 2,500 bbl/d – WTI US$79.02/bbl;
May 1, 2010 – December 31, 2010 – 2,500 bbl/d – minimum of WTI US$75.00/bbl and a maximum of WTI US$95.00/bbl;
Calendar year 2010 – 2,500 bbl/d – WTI US$78.00/bbl;
April 1, 2010 – September 30, 2010 – 2,000 bbl/d gasoline sales at US$9.00/bbl premium to WTI;
January 1, 2011 – March 31, 2011 – 1,000 bbl/d – WTI US$86.10; and
January 1, 2011 – March 31, 2011 – 1,000 bbl/d – WTI US$88.10/bbl.

http://www.connacheroil.com/index.php?page=hedging

Best Wishes; Scott

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