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: Positive Thoughts
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What is the bitumen price these days? sharky

Bitumen prices recovered to about $59-$60/bbl as of last Friday Feb 24.

Sudden sharp collapse in Mid January and February to $50/$52 bbl level was related to huge spreads ($32/bbl) of Alberta's Western Canadian Select and US North Dakota Oil in comparison to WTI.

http://www.platts.com/weblog/oilblog/2012/02/10/the_sudden_shar.html

AT 13500 bbl/d production and $52/bbl bitumen can pay their bills including interest charges , G&A and production sustainability capital expenditure set for 2012.

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