Connacher Oil and Gas Limited declared that construction activities were restarted at its second 10,000 bbl/d steam assisted gravity drainage in the Great Divide region of northeastern Alberta. For full story, click here
Friday, July 3, 2009
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"
Tuesday, June 16, 2009
Connacher Oil and Gas Ltd., a Calgary-based oilsands producer and international operator, declared that it has approved the restart of the Algar oilsands project after closing a major financing for the project. For full story, click here
Continue reading "Connacher Oil and Gas has closed $200 mln financing"
Wednesday, May 20, 2009
Connacher Oil & Gas Ltd, a Canadian oil-sands producer and refiner is planning to sell stock to bolster its working capital and finance a heavy-oil project. The price of the private-placement offering wasn’t declared. For full story, click here
Continue reading "Connacher Oil and Gas is selling stock to cover Oil sands"
Wednesday, May 13, 2009
Liquidity problems remain unresolved at cash-strapped oilsands junior Connacher Oil and Gas Ltd., while noting a first-quarter net loss of $46 million compared with a loss of $1.8 million a year earlier. For full story, click here
Continue reading "Cash-strapped Connacher declared first-quarter loss"
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"
Tuesday, February 3, 2009
Connacher Oil and Gas Ltd said it would restrict production of bitumen, a form of heavy oil, at its Great Divide thermal project in the oil sands to 5,000 barrels a day (bpd) from 9,000. For full story, click here
Continue reading "Connacher would stop production"
Friday, January 23, 2009
Connacher Oil and Gas Ltd. has reinstated full steam and production at its Alberta oilsands project on stronger heavy oil differentials, the company said. For full story, click here
Continue reading "Connacher goes full steam ahead"
Wednesday, December 17, 2008
Connacher said that prices are so low it can no longer cover its costs and is unwilling to keep pumping out its reserves at a loss. For full story, click here
Continue reading "Connacher unwilling to keep pumping out its reserves"
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Tuesday, July 7, 2009