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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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If oil stays in the current 70-88 trading range then yes CLL IMO can function with current ( and projected) production levels. I've posted before that CLL should wait to expand till SP goes up and then offer shares to further expand..there's no reason CLL can't go back to $4 a share with these oil prices and projected production.

Would like to think so, but not seeing it in the numbers. How are you calc fair market value to determine $4 under planned (wo expansion) 2011 production? You might be right and far better are calc value than I, I just do not see it. Can you post your rationale for the $4?

Rex

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