I think 2010 will be a good year for a few major reasons. Here is a quick list of some things to come:
1) Winter Drilling Program: In the past results from drill programs are usually released near the end of feburary. Connacher has shown its tremendous ability to increase reserves rapidly, and with the recent flow through offering, they have the 30 mill to do it again.
2) Heavy Oil Environment: With Natural gas fairly cheap, and the heavy oil differential narrow, Connacher has an excellent oppourtunity to make large netbacks this year. This can be achieved if they can keep production levels at GD, consitent above 9000/ bpd.
3) Possible partners going forward: With recent exposure in the marketplace, and comments from Dick Gusella, I wouldent be suprised if one of the big boys stepped up to the plate and entered a joint venture partnership going forward to speed up the production process. This may not necessarily be a good thing for us shareholders, but depending on circumstances the board might consider it.
what do you guys think?
By the way, the new website looks great!
