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Connacher's SAGD Projects on track

04 Feb '08
3 min read

The produced raw bitumen is blended with diluent and is trucked and sold into various markets. The logistics of this trucking and marketing operation have also gone very well this month.

As previously indicated, Connacher anticipates that Pod One production will ramp up to 10,000 barrels per day of bitumen from all 15 well pairs later in 2008.

Operations on Connacher's 120 well core hole, seismic delineation and 2008 exploration program for 2008 is advancing favorably. Results of the program will be evaluated and interpreted over the next two quarters.

On the conventional side of the business the company has now drilled and cased five out of five gas wells in the Randall area of its Marten Creek gas production area in northern Alberta.

The six million cubic feet per day Randall gas plant, gathering system and sales line is currently under construction and is targeted for completion at the end of first quarter 2008.

The Randall gas discoveries of last winter and the new Randall gas wells will be tied in to this new plant.Connacher Oil and Gas Limited is a Calgary-based Canadian oil and natural gas exploration, development and production company.

Connacher Oil and Gas Limited

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