In its third quarter Connacher Oil and Gas Limited showed a net loss of $25-million.
The year before it reported $4.6-million.
Its revenue grew $1-million from last year to $101-million.
Its production of bitumen fell 15 per cent.
The junior oilsands company’s shares fell as much as 30 percent Thursday.
This came after news that it would be using sale assets to pay for a 2013 capital budget of $95-million.
It said late Wednesday that it would try to up output at its Great Divide thermal oilsands project.
November 16th, 2012
