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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Comment by strzelinon Apr 12, 2012 12:08am
575 Views
Post# 19784082

RE: SAGD+ prod increase

RE: SAGD+ prod increase

SAGD+ due to expensive solvent recovery process (as per Canadian Petroleum Engineers study) require SAGD plant run at over 90% productivity to be economically viable. CLL SAGD has only  65% to 70% productivity (closed to the bottom of Canadian SAGD plants).

Any SAGD+ technology apply at CLL would increase the operational cost above the cash received from the increase of the production. Based on Average Q1/2012 bitumen prices and April prices so far, CLL is selling the bitumen below their total cost. SAGD+ would only increase the losses.

CLL Q1/2012 report will show more disappointment for the investors.

 

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