Good action on the CLL SP. We passed the $1.33 resistance and if the general market conditions not deteriorate we should test the $1.5 level with help of market momentum players jumping on the bandwagon.

We need some upgrades from the institutional market movers to go to the $1.8

It looks like the market wants to go higher regardless of the slow progress in bitumen production.

On the other front we sold our most profitable oil production ($12 million netback per year) adding about $50 millions net to our cash balances. As per management this will not be use to reduce our long term debt and will be spend on exploration which will add to our bitumen reserves.

It looks like they did not find the buyer for CLL Natural Gas properties (I think Spide made the reference about this in his previous post).

Connacher Bitumen production progress