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Connacher Reports New Steam Wells Online by Year End
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Connacher Oil and Gas Limited has announced the release of its financial and operating results for the third quarter ending September 30, 2013.
Highlights: Bitumen production averaged 11,788 bbl/d Bitumen netback of $46.57/bbl, a 46% increase from Q2 2013 ($31.79/bbl) Reduced diluent blend ratio (DBR) to 18% from 20% in Q2 2013 Dilbit sales by rail increased to 90% of total sales from 80% in Q2 2013 Commenced steaming new SAGD well pairs at Pod One Converted infill wells from steam injection to production Capital expenditures of $35 million Q3 2013 Financial and Operational SummaryThe following summarizes the operating and financial results for the three and nine month periods ended September 30, 2013.
To properly reflect the disposition of Montana Refining Company, Inc. and the…
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