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Connacher Oil & Gas Ltd CLLZF

"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

Bullboard Posts
Post by grandbanks12on Dec 20, 2013 2:02pm
521 Views
Post# 22027616

Question please if you would

Question please if you would
If the interest is 80 million ayear and the production 12thousand per day and lets say when the cost are all deducted their making 10 dollars a barrel.that,s a loss of 120 thousand per day.And the barrels they refer to is that bitumen or wti? It would appear that very shortly that there will be a shortage of funds to operate. Correct me if i,am wrong i,ve had this thing for five years and it was worth more when they were getting 3 thousand barrels a day and crude was at 65 dollars a barrel.Trying to keep my chin up ....thanks
Bullboard Posts