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: Timing of Upcoming Announcements

3.5 years ago when the CLL SP drop from $4.5 to $3, from your Connacher office in Calgary, you sent me an email saying:

" We are producing, growing and prospering in due course. Stick around - also watch PDP grow in market value again which is good for CLL "

Today you repeated the same line in reply to sharky;

"Stick around to see some real fireworks in next few months is my view"

It is good to see that your retirement did not change your risk appetite and the blue-sky enthusiasm.

PS. Where on earth you have got the idea of "bitumen selling above $70 per barrel"?

Average CLL realized prices for:

Oct/2011 $51/bbl

Nov/2011 $62/bbl

Dec/2011 $61/bbl

Jan2012 $60/bbl

So far February/2012 $52/bbl ($430/m3 of Dil-Bit).


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