A STRONGER CONNACHER Completed 95 million 2013 capital plan on schedule and within budget Sequential improvement in all areas of Connachers business over the last four quarters Achieving top level facilities operating performance…
FACILITIES RELIABILITY: MONTHLY STEAM INJECTED VERSUS CAPACITY TA = Turnaround Long term stability at Pod One Turnarounds have been pushed out to a three year schedule Boiler modifications at Algar to bring expected up-time to…
OPERATIONAL IMPROVEMENT: DILUENT BLEND RATIO 25% 24% 24% 23% 22% 20% 19% 19% 19% Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Reduction of DBR in 2013 was a result of focus on operational…
MARKETING STRATEGY: DILBIT SALES BY RAIL Percentage of Total Production Transported by Rail 90% 90% 80%80% 57% 57% 62% 62% 55% 55% 57% 49% 49% 19% 19% 8% 8% Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1…
HISTORICAL NETBACKS Connacher has demonstrated its ability to increase bitumen netbacks over time Build-up to blend sales price WTI 2011: 95.12/bbl WTI 2012: 94.21/bbl WTI 2013: 97.97/bbl WTI Q1 14: 98.68/bbl (/bbl) 82.36 79.63…
2014-2015 GROWTH CAPITAL PROJECTS 50 million initial 2014 growth capital program to increase production, advance commercial SAGD+ process and fund mini steam project Algar Detailed engineering and procurement for the commercial…
LIQUIDITY OUTLOOK The Company is actively pursuing the placement of a US equivalent CA140 million first lien term loan facility The Companys intention is to concurrently amend and restate the existing 95 million credit facility to…
SUSTAINABILITY AND COMMUNITY At Connacher, we work to sustainably: Minimize our land footprint Use water responsibly up to 98% water recycle rates Reclaim disturbed land Manage emissions effectively Support and monitor wildlife…
Loading...
