Heavy Oil Investing News » Connacher has reactivated Algar Oil Sands Project

Connacher has reactivated Algar Oil Sands Project

June 21, 2009 @ 11:27 pm In Heavy Oil Company News

After selling $200 million of first-lien senior secured notes, Connacher Oil & Gas Ltd., Calgary, announced that it would reactivate its plan to construct the Algar project, a project similar in size to its first steam-assisted gravity drainage project, Great Divide Pod-1, in northeastern Alberta.

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