Agoracom: Small Cap Investment - Connacher Oil and Gas

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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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8 new wells at Great Divide

jurek

Sep 28, 2011 11:26AM

Re: 8 new wells at Great Divide

BKM8572

Sep 28, 2011 11:34AM

sharky

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Re: 8 new wells at Great Divide

in response to

Re: 8 new wells at Great Divide

BKM8572

posted on Sep 28, 2011 12:44PM

Hi Brian

Website is still there http://www.connacheroil.com/

I just checked it.

How about these new well?Is SAGD such a difficult operation that they can't reach the design?Are there other companies using this technic succesfully?What could be the main reason they spud new wells,or is it just normal and part of the SAGD operation technic to drill from time to time other well pairs?They staed they had for 25 years bitumen production .What to think about these figures ?

According to Jureks search on WTI price they will burn cash for a long time if WTI stays that low.If projection for WTI price next two years is below they needed to become positive what then?Can they survive and what options are left?

Will Algar go the same way?

Re: 8 new wells at Great Divide

rebels1

Sep 28, 2011 01:49PM

Re: 8 new wells at Great Divide

zemaniak

Sep 28, 2011 01:55PM

Re: 8 new wells at Great Divide

rebels1

Sep 28, 2011 02:04PM

Re: 8 new wells at Great Divide

BKM8572