Connacher gives prospective buyers another 2 weeks

Connacher gives prospective buyers another 2 weeks

Connacher Oil and Gas is giving interested parties another 2 weeks to bid on its oil sands leases and thermal in-situ operations.

Connacher is operating under creditor protection and is in the process of selling assets to raise cash. Prospective buyers now have until July 14 to submit a non-binding bid.

The company's Great Divide SAGD facility has the capacity to produce 14,500 bbl/day. Connacher also owns 35,200 hectares of oil sands leases southwest of Fort McMurray, AB.

A look at Canada's refining capacity and how we compare to the rest of the world

A look at Canada's refining capacity and how we compare to the rest of the world

Canadian lawyers score a big win as BC's Aboriginal groups get pitted against each other

Canadian lawyers score a big win as BC's Aboriginal groups get pitted against each other