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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: Wiil it end like PDP?

Sep 15, 2011 10:12AM

Sep 15, 2011 11:44AM

Sep 15, 2011 04:05PM

Sep 15, 2011 04:23PM
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Sep 15, 2011 05:18PM

Hi Dave

What I do see is funds loading up as low as possible anticipating a hefty profit especially if JV is announced...

Yes i think so too.This sp is to low.I'm thinking last days to by some more but i hesitate .I'm becoming less risk behavior and I had the intension not to buy more stocks.But seeing this price so low I have the feeling this can't go wrong at this level so I'm struggeling to make a decission.But I regret the most I didn't sell when we hit 1.68 last.Had some nice profits then and at this level this was a super opportunity to buy same amount at a much lower price.

It's sad they production numbers remain flat after so much month nothing changes.Spidey says if they could reach 3.000 more then that would be a much better case but can they achieve this.That's why I tried to figure out what the main reason could be they can't pump up more.Maybe a strange thinking but suppose they stick at these levels is it not possible to drill somemore wells to finally acxhieve the output .For example if you have 10 well pairs at 100 you have 1000.But supposing for sopme reason they only can pump up 50 as maximum.So drill a double of well pairs extra and you have 1000 again.I don't know if this is possible or to costly then on gas burning or maybe it's forbidden because it was not on their initial plan.However which sollution is in place if indeed current output seems to be the maximum achievable?Any one in this bussiness who knows the answer for that?


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