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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: What is happening with the 17th well pair?

In its news release on Tuesday, June 22, 2010 Connacher management stated that 17 well pairs were drilled at the Algar site. The fikkiwubg quote demonstrates this: "In addition to construction of the Algar plant and site, Connacher constructed three well pads on which there are situated 17 horizontal SAGD well pairs."

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20100622&archive=cnw&slug=C6993

In todays news release on the co-generation plant the following update was stated as to Connacher's current number of well pairs being steamed: "Our bitumen production rampup at Algar continues to proceed as anticipated. We now have 12 well pairs on full SAGD and four wells remain on circulation. Currently, Algar rampup is considerably ahead of both the initial Pod One rampup and thus far also ahead of other record rampup rates which have recently been reported for new SAGD operations."

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20100908&archive=cnw&slug=C7799

I am just wondering as this is the second news release in a row in which management has stated that 16 well pairs in total are either on full SAGD or undergoing circulation. There is no mention of the 17th well anymore. Was the 17th well a dud, or is it being held in reserve for some technical reason only known to the insiders in the industry? What is the 17th well being used for at present?

Congratulations to Connacher Management for another excellent engineering project completed on time and on budget. Connacher management and its consultants and technical teams continue to excel at building all projects on time and within budget. Well done!

Cheers; Scott

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