GREY:CLLZF - Post by User
Comment by
METACOMETon Apr 18, 2007 8:51pm
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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.