Connacher Oil and Gas

Production is the big problem. First 6 months they did about 1,195,500 barrels. To reach 7200 bbl/d they need to hit 2,628,000 barrels. which mean about 7825 barrels a day from July 1 on. Looking at the chart for July it seems they are still below 7000 barrels a day. They are not likely to hit 7825 a day. A target of an average of 7000 barrels a day is more likely which is poor. If they are getting oil from Algar now that helps but since they don't talk about it then any significant oil isn't happening. My guess is they may have an exit rate at about 8000 bbl/d on GD and probably half of that from Algar.

There will be no Santa Claus this year!!!