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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: Operational Costs

May 25, 2011 06:06PM

May 25, 2011 06:52PM
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May 31, 2011 02:14AM

May 31, 2011 03:32AM

May 31, 2011 10:59AM

Jun 01, 2011 02:22AM

Jun 01, 2011 10:40AM

Yes it is. Sometime my tennis game score is being mixed-up with the SOR numbers.

On the more serious note... NG cost is only 30% of the total cost so it is not as relevant as one would think.

Bitumen production level is the main issue here. The reservoir is stubborn to release more oil regardless of number of "tricks" and millions of dollars applied by the management.

I think CLL management is fully aware of the limitation and is shifting focus to the new venture in the Twining Pekisko light oil play which they hope can generate new excitement and good profit.

In Q1/2011 letter to the Shareholders they had about 600 words on the bread & butter Bitumen production and 800 words on the new light oil preliminary enthusiastic results and robust economics of the play.

Hopefully this shift will work out well for CLL and we can forget about SOR numbers.


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