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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 aboutoilon Feb 18, 2013 1:09am
374 Views
Post# 21004385

RE: SAGD+ (35% prod increase)

RE: SAGD+ (35% prod increase)

Feb presentation has prod increase of 24000 bbls/d using SAGD+

Page 17 shows increase of 24000 bbl accumulated production not a 24000 bbl per day you suggested.

SAGD+ TM trial was tested at one of the most productive well pair and  company could not guarantee that similar results will be obtained throughout every section of the reservoir (see previous disclaimers).

Simple interpolation of the trial results at one pair to all pairs at POD1 and Algar leads to wrong conclusion. Anyway, CLL does not have a capital to apply SAGD+ TM to any meaningful number of well pairs to show substantial production increase.

BTW, it would help to take your meds before you go on line (not after).

 

 

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