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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"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

Connacher Oil & Gas Ltd
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Comment by cartach13on Apr 04, 2008 3:03am
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Post# 14937632

RE: 10,600 barrels of Bitumen equals....

RE: 10,600 barrels of Bitumen equals....The latest CLL NR refers to 7000 bb/day of bitumen production and 3600 boe/day of crude oil and natural gas production for a total of 10600 boe/day. My question is how can you add 7000 bb of bitumen and 3600 boe together and come up with a total of 10600 boe? Don't you have to convert the 7000 bb to boe before adding together for a total boe? I'm confused ! Also the Alberta Royalty Review Panel,Part 10,Bitumen Pricing recommends a floor price of 40% of the price of West Texas Intermediate Crude Oil in Canadian dollars from what I've read. Bitumen by itself is subject to various prices and much lower than crude oil, but with CLL owning a refinery they can add value and receive higher prices for their finished products. Is there somebody out there who can explain all this while we all sit back and watch the price of CLL rise steadily
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