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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 goldpigon Dec 01, 2011 1:33pm
587 Views
Post# 19283743

RE: RE: RE: Nice volume already.What's up?

RE: RE: RE: Nice volume already.What's up?

Sinopec paid $1.9 billion in early 2009 for 60 % of two oil sands projects held by Athabaska.

These were classified as only Probable ( 1P ) and were undeveloped, yet they paid nearly $7 per barrel.

Production wont begin until at least 2014 and even then at modest levels.

A takeover at prices above $5 per 2P barrel would seem to be very reasonable.

 Rothschilds are expected to report before  Xmas, on their  search for JV partners.

Perhaps they will oversucceed and bring us a sugar daddy.

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