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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: My fear for CLL

Jun 01, 2010 01:47PM
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Jun 02, 2010 04:06AM

Sharky:

I can only think of a couple of reasons Connacher would not expand their conventional reserves.

1. The oil reserves are not there to be commercially viable.

2. In light of their other financial commitments, they at present do not have required capital to expand conventional production.

It is absolutely critical that oil stay at a reasonable price level. We cannot afford another crash in oil prices!

Brian

sharky:


Jun 02, 2010 05:38AM
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