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Bullboard - Stock Discussion Forum
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."
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GREY:CLLZF - Post Discussion
Connacher Oil & Gas Ltd
> Connacher Assets Sold
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(3)
•••
birdie22
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Post by
birdie22
on Aug 05, 2018 1:53pm
Connacher Assets Sold
East River Oil and Gas
has been selected as the buyer of assets
belonging to
Connacher Oil & Gas
for $113.5 million
. Connacher has been under creditor protection since the spring of 2016. The assets include the
Great Divide
oil sands complex, which consists of Pod One and Algar. The in-situ facilities continue to operate despite the company's financial woes, producing about 12,670 bbl/day in the
first quarter of this year
(95)
•••
G1945V
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Comment by
G1945V
on Aug 09, 2018 12:53pm
So now what....It's all over. Any other assets left ? Not much said. https://business.financialpost.com/pmn/business-pmn/bidder-selected-to-buy-insolvent-oilsands-producer-connacher-for-113-5m G1945V
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