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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 Nov 05, 2009 4:47am
511 Views
Post# 16455064

AT6U8E6UiRE: RE: OPC selling out!!!

AT6U8E6UiRE: RE: OPC selling out!!! He's probably refering to Deer Creek that was taken over by TOTAL a few years back. It was a SAGD project just starting production, similar to CCL but with one significant difference i.e., production for it's first pod only got to 2000+ bbls./day and they could'nt suck any more out so they stopped trying. Deer Creek went for a premium when TOTAL took it over and turned out to be a bad investment. CCL on the other hand is producing what was expected with future pospects for the next pod looking good. CCL is a winner,Deer Creek was a loser.  While TOTAL doesn't even mention Deer Creek in any of their reports,Enerplus, which maintained a small interest  through the takeover mentions it in some of their qtrly. and  annual reports, or at least they did going back a while.
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