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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 november01on Jan 25, 2012 4:40pm
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Post# 19448887

RE: RE: RE: Not a buyer in sight for $1.03

RE: RE: RE: Not a buyer in sight for $1.03

Give your head a shake. At 1.50 per share it would not even cover the cost of building Algar and POD1, that means if someone were to buy the company they would only be paying 800 million (debt) for the millions of barrels of oil in the ground. In addition, this winter's drilling will probably raise the reserves another 10-15%. I can't see the BOD or long term shareholders voting for anything less than 3.00 per share.

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