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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: I'm out!!!

Oct 22, 2010 10:43AM

Oct 22, 2010 12:45PM

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Oct 22, 2010 01:33PM
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Oct 22, 2010 01:52PM
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Oct 22, 2010 05:21PM

Oct 22, 2010 09:36PM

Marlboro:

Unfortunately a large part of the travesty of what happened as a result of the 2008 "crash" was a self inflicted wound cast upon all CLL holders due to Management decisions ( like all the way at the top of Executive Management) to proceed with Pod 1 while being significantly under capitalized to address contingencies. The result was a paniced reaction due to the undercapitalization with resultant field and resevoir damage. This situation resulted in not only significant capital costs but, also significant loss of operational effective production for now two plus years. The result has been loss of production as well as now an increase in capital costs in excess of anything reasonable. Anyway one looks at it, this is reflective of poor management planning.

Brian


Oct 23, 2010 08:52AM

Oct 23, 2010 12:01PM

Oct 26, 2010 12:18AM
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