Re: CLL Selling Battrum Properties

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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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spiderman8

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Re: CLL Selling Battrum Properties

in response to

Re: CLL Selling Battrum Properties

Rex Feral

posted on Dec 30, 2010 09:26AM

CLL got a bit better of a price then I expected. I was looking for about $75000 per flowing barrel.

If they receive about the same per flowing barrel for the NG assets then it will be a good transaction in my book.

It would be a great transaction if they can buy back some of the notes without paying the premium. If they pay the premium then the entire exercise will have be mute.

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