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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
Comment by dondonon Jan 30, 2006 5:53pm
571 Views
Post# 10274650

RE: jv and/or merger/aquisition

RE: jv and/or merger/aquisitionConnacher has taken all manner of positioning to avoid what you have concern with,ie PDP provides cash for operations LKE assure either cash of Ng for SAGD opperations,if anything management is taking an approach that covers all the basis,all moves so far are acreetive to investors.In the short term NRs are expected as concerns the AEUB decision ,a couple of License have already been issued as of 27 Jan 2006 DD on AEUB site will verify,but finalk decisions are immenent and that will further be acreetive for investors then going forward ,recoverable bbls will be badied about,there really is no reason to beleive that escallting value will not continue,IMHO $10.00 is a given short term,preproduction will garner $15.00 with higher recoverables bringing $20.00.Connacher has positioned itself for those kind of numbers,buyouts will require more,again this is all ACREETIVE for shareholders,50K of CLL will make a 6:49 winner of sharholder JMVHO Mac "All about CLL,UTS and SLV"
Bullboard Posts