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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 METACOMETon Mar 11, 2007 3:47pm
280 Views
Post# 12397656

RE: Credibility and Honesty

RE: Credibility and Honesty"Connacher has been able to drill horizontal production wells to a measured length approaching 650 metres, approximately 150 metres longer than the original prognosis." Some of you bitumin experts help me out here. CLL claimed all along that their drill plan on Pod 1 would yield 10,000bpd. I assume that was predicated on the 500 meter horizontals. If they are increasing the reach on those horizontals by 25% in length, why wouldn't they see a 25% increase in yield, 12,500bpd? Seems to me that it should be linear.
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