Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: Been away for a while...

I was invested in this company about a year ago and got out. Been looking at it again recently... Just wondering if anyone can give me a bit of an update on how thigns are going?

Looks like POD 1 is still lagging design rates but Algar has ramped up nicely. Exit guidance for 2011 is 14,500 - 16,500... Does that mean POD 1 will never reach design rates? Have they commented on this? Are they doing anything to help improve well performance?

I think they should recieve about $30 million from the sale of PDP have they commented on how they'll use this? Is there a plan to pay down debt yet?

Any other comments would be appreciated... in the mean time I'll continue to read.

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