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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: Light Oil Drilling Project

Jan 06, 2011 02:55PM

nice to see someone ask that question.

My thoughts were since they were not actually selling all their conventional oil that they would add production to what they are keeping. Could very well be that they will have at least similar barrels of conventional that they had pre-sale. This would give them the net proceeds of the sale, less the costs to add on the new conventional, and same production levels. Great move if that is what it is

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Jan 06, 2011 08:27PM
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