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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: Re: Production
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Oct 21, 2009 04:13PM

Oct 21, 2009 04:28PM

Oct 21, 2009 05:13PM

Oct 21, 2009 05:27PM
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Oct 21, 2009 05:30PM

Found it Dean

"Following the Corporation's recent turnaround at Great Divide, bitumen production ramped up to over 90 percent of pre-turnaround rates with only 14 of 17 wells producing. As the remaining three wells were brought back on production, Connacher experienced several facility upsets related to the new production. This has reduced production in the past week to approximately 65 percent of pre-turnaround rates. The Corporation expects to reach stable pre-turnaround rates within the next 1-2 weeks."

Like I said in my optimistic post

1) CDN dollar above .95

2)production at 8500 bbl/d

3) We are locked in to a $78 WTI hedge for 2500 barrels (currently below todays price) which is a $28.50 increase in the current hedge

Things will improve cash wise.

Thanks


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