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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 19, 2007 1:28pm
178 Views
Post# 12639964

RE: More Dilution coming ......Punjabi

RE: More Dilution coming ......PunjabiYou were critical of the timing of this PP in your earlier post. Are you now of the opinion that the PP is required at this time? Are you of the opinion that there will be additional dilution to proceed with POD 2? Given the realities of their cash needs, are you of the opinion that either management erred here, or that these moves will have a long term adverse effect on CLL? Seems to me that they merely did what they needed to do to maintain momentum and assuming a positive report on reserves, this will be a blip in the progress of the company.
Bullboard Posts