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: Operational Costs

Don't see it breaking out this year above 1.88 or perhaps near year end or so/sharky

Well, I will be starting to take the profit between $1.5 and $1.6 if we ever get there.

In regards the MRC the value attached to it by analysts is $0.45 per CLL share (about $200 million). I think the MRC is the one of the smallest in the US with negative Net Cash flow (including the constant upgrades and operational CAPEX).

Selling MRC as you suggest to upgrade the SAGD would not make sense. Connacher already double the initial CAPEX in the POD1. As we know it did not help much.

Since December 2010 and May 1011 we have a steady 14,000 production ( excluding 15% drop in January forced by pipeline problem ). I do not think more money would change this production level to much.

PS. Good progress on your guitar lessons.

Spidy,

It depends on the "all of a sudden" definition.

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