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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 Apr 18, 2007 8:51pm
463 Views
Post# 12635406

RE: Nothing lost, as yet.

RE: Nothing lost, as yet.I prefer flictor, and Gusella's estimate for the reserve announcement to Orions'.... "Also, approximately 80 core holes and an extensive 3D seismic program were completed on our Great Divide main lease block during this period. As a consequence, Connacher will be updating its reserve estimates for both conventional properties and its oil sands properties during the second quarter of 2007 and will communicate the results of this update upon acceptance by our Board of Directors of reports to be prepared by GLJ Petroleum Consultants (“GLJ”) of Calgary, Alberta." https://www.connacheroil.com/documents/news2007/CLL-2007-03-23.pdf It is believed that Connachers AGM, scheduled for 5/10 would be a propitious time for this announcement. It is also the opinion of some folks following CLL's progress that this reserve report may increase the reserve estimate to over 1,000,000,000 barrels of OOIP, on the fraction of Great Divide so far explored.
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