Connacher Oil and Gas

Welcome to the Connacher Oil and Gas Hub on AGORACOM
in response to spiderman8's message

Yes it is. Sometime my tennis game score is being mixed-up with the SOR numbers.

On the more serious note... NG cost is only 30% of the total cost so it is not as relevant as one would think.

Bitumen production level is the main issue here. The reservoir is stubborn to release more oil regardless of number of "tricks" and millions of dollars applied by the management.

I think CLL management is fully aware of the limitation and is shifting focus to the new venture in the Twining Pekisko light oil play which they hope can generate new excitement and good profit.

In Q1/2011 letter to the Shareholders they had about 600 words on the bread & butter Bitumen production and 800 words on the new light oil preliminary enthusiastic results and robust economics of the play.

Hopefully this shift will work out well for CLL and we can forget about SOR numbers.

Please login to post a reply
jurek
City
BC
Rank
President
Activity Points
4183
Rating
Your Rating
Date Joined
12/27/2007
Social Links
Private Message
Connacher Oil and Gas
Symbol
CLL
Exchange
TSX
Shares
403,000,000
Industry
Energy & Environment
Create a Post