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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 cartach13on Apr 26, 2008 10:25pm
478 Views
Post# 15012936

RE: Good Post ! Referring to Deer Creek - whalen

RE: Good Post ! Referring to Deer Creek - whalen I'm referring to Deer Creek Energy Company and it's Josyln Project. Now delisted and a subsidiary of Total E&P Canada and located 50 miles north of Fort McMurray. I'm aware that the Deer Creek and CLL projects are in different areas and each may have their own set of problems. My only point is that Deer Creek is a good example of an investor [Total]  paying a huge premium for a project that was unproven at the time of takeover and has subsequently proven a costly failure. Large investors, as a result of lessons learned from  such oil sands failures as Deer Creek,and no matter what the actual reasons for failure and regardless of location, will tend to take a wait and see attitude before investing heavily in a new project such as CLL . That in my opinion is a main  reason why the SP has been held back despite the lack of problems and all the good news we have been receiving about CLL over the past  few months.CLL is fast becoming a proven project and I think the Management Discussion section of the Qrtly. Report will bring everyone up to date on all of the posititve progress,do much to dispel remaining uncertainty and turn things around with regard to SP.
Bullboard Posts