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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: The Credit Suisse 2010 Global Credit Products Conference in Miami

Thanks Scott for nice summary.

Just wonder.... why they did not install High Temp ESP to start with. They were available 2006/7.

Expansion plans... their Free Cash Flow in 2011/12 will not be sufficient to go with the expansion without the "external help".

Recent CLL investment in Petrolifera share offering was a total multi-million $ disaster.

Other then the above... it looks like the Algar is doing very well and we will not have the financial liquidity problem in 2011. If the Bitumen stay at $40 bbl and the average production run at 16000bb/d we should be able to pay the bills.

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