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

Free
Message: For Rebels - this taken from John Mauldin's newsletter earlier this afternoon

Right?

Normally we should get an update about those 2 regions.According to this annoucement proposals are due on Dec 19 and Jan 30.

From Dec so far there is no news.Or what can we expect about that?

CONNACHER OIL AND GAS LIMITED
Connacher Oil and Gas Limited (“Connacher” or the “Company”) has engaged
Macquarie Tristone to seek proposals for a value realization process related to the
Company’s Twining and adjacent Penhold properties. The process will emphasize
cash, carry and commitment farm-out or a sell down. Landholdings in each of the
aforementioned areas exceed over one township (36 square miles or sections), so there is considerable run room
for additional development activity to fully realize the resource potential of these light gravity crude oil and
associated natural gas plays.
For the purposes of the value realization process, Twining and Penhold will be treated separately and evaluated on
a staggered timeline as follows:
Twining Timing

Share
New Message
Please login to post a reply