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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: Eergy and Capital Article

Good article.

"Accordingly, the government of Alberta just announced a one-year repeal of its revised royalty structure, which went into effect at the beginning of this year. The royalty rate will be cut from the current 15%-25% to a maximum of 5% as an incentive to encourage junior oil and gas explorers to resume their investments."

This comment with respect to oil sands has me wondering if indeed there was possibly some misunderstanding to Alberta's representation of conventional/nonconventional oil? Something that will be clarified in time I suppose.

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