After failing to land an acceptable construction loan, Calgary-based Connacher Oil and Gas Ltd. is issuing $150 million US worth of first lien secured notes to get its Algar thermal oilsands project back on track this summer. For full story, click here
Sunday, June 21, 2009
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. For full story, click here
Continue reading "Connacher has reactivated Algar Oil Sands Project"
Friday, March 20, 2009
Connacher Oil and Gas Ltd.’s declared that its Algar oilsands project will remain on hold for the time-being. For full story, click here
Continue reading "Connacher puts oilsands project on hold"
Monday, November 10, 2008
The company said that it has been advised that the Lieutenant Governor in Council, by Order in Council Number 525/2008, has authorized the Energy Resources Conservation Board to grant Approval No. 1253 to Connacher Oil and Gas Limited. For full story, click here For company’s website, click here
Continue reading "Connacher gets a news order in council for Algar Project"
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Friday, July 3, 2009