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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: RESERVE POTENTIALS

One of the possible positives for CLL is the oft-repeated refrain that 905 of the area has yet to be surveyed accurately for oil reserves. Yet when I look at the maps on the connacher site, I see smudges indicating oil everywhere.

This Winter there will be another exploration program, with the (obvioulsy) hope of increasing reserves.

I suspect that this exercise is simply to more accurately define presently known reserves, so as to be able to move them up from P3 toP2 and so forth. As a corollary, I would guess that there is little chcance of any dramatic increase in estimated reserves.

Does anyone have any thoughts on this?

Shi Ming Sen

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