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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 longnose2on Jan 11, 2012 3:35pm
493 Views
Post# 19392985

RE: 300% not good enough?

RE: 300% not good enough?

"SAGD is capital intensive"

Wow.

Lot you know about oil sands development!.

Mining of bitumen ( eg Athabaska )  is much more expensive at about $90,000 per flowing barrel.

Algar ( SAGD )  came on stream for just $15,000 per flowing barrel.

 

Sinopec recently paid $17.50 per barrel for Daylight energy.

 

All of CLL's are brownfields and hence much cheaper to develop.

Krist, the parrott shet that some of these day-traders spew out.............

Bullboard Posts