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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 Sydneybaillieon Mar 22, 2008 2:17pm
97 Views
Post# 14760008

RE: Oilsands depressed / SAGD Folks !

RE: Oilsands depressed / SAGD Folks !For clarity sake...Please let's compare Apples to Apples !
Connacher, and Several other bigger Co's  are not Mining in the traditional "Tar Sand Sense" of the word...
Their cost to Produce with SAGD is not a # that I have at my fingertips, BUT it does not include MEGA $$$'s
for Crushers, Cokers, Hydro-transport or many other costly items required with Open Pit  Ft. Mac. Operations. 
(Anyone who knows the actual SAGD $$$'s please Post), but it sure as heck can't be directly compared!
Connacher is reclaiming / re-utilizing 90+% of the Ground Waterused -not Potable Water, & it's type of operation does not require the same level of costly remediation (such as suncor announced completion of a phase of the other day).
Therefore it's Footprint on the future & Environment is also going to be much less !
SB
Bullboard Posts