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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Just a question.

Jan 30, 2009 08:00PM

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Jan 31, 2009 10:10AM

"My question would be, how will interest payments be made in 2010? I certainly hope things turn around with oil prices soon."

Your hope is the answer to your question. No higher prices of OIL (Bitumen) in 2009 means no interest payments in 2010.

Remaining option is raising capital by selling assets or issue new debt, partnership, or take over.

Maybe someone else can come up with better solution.

Hopefully it will not come to this and OIL will move above $65/bbl (bitumen $35) and POD1 can generate sufficient free cash flow.




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