When oil was last $89.41 /BBL just as today

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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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BKM8572

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When oil was last $89.41 /BBL just as today

posted on Oct 06, 2008 02:18AM

It was February 8, 2008. Connacher was about 3 months into production cycling at the GD. Production was perhaps 1,000 to 1500 per day at best. Shareprice was $3.12.

Now we are exceeding 9,700 BPD. The SP on Friday closed at $2.38. Does something seem amiss here?? Just thought y"all might like to have a frame of reference. Particularly as the other day D Gusella stated at $60 oil they were nicely profitable!