Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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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

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