Hi Bobert,

Thank you for your reply.

Management and the Board of Directors are no doubt using this time to make the best decisions on behalf of all of us, and that includes themselves. They probably have the most to lose and that is a good reason why we should have confidence in what they are doing.

My guess would be that the activities that they are engaging in can not be released in the form of a press release at this time. But, I am confident that they are looking at every possible solution to ensure that Connacher comes out of this in the best way possible.

Let's look at how important this is to some who will be making decisions on behalf of Connacher.

DG, for example, holds over 680,000 common shares, 67,000 convertible debentures and in excess of 3 million options. He has the most to lose should things not go well. Dick, by the way, has a Masters Degree in Economics.

Peter Sametz owns over 270,000 common shares and over 2 million options. It's in his interest to ensure that Connacher does well.

Stuart McGregor is a Board member and he is also a former Chairman and CEO of Numac Energy Ltd. Stuart has more than 640,000 common shares and over 600,000 options. Stuart, like all the Board members, has an extensive background in the oil and gas industry and I'm sure that he is going to assist in making the best judgements possible. Stuart, by the way, also has a Law Degree.

Speaking of lawyers, another Board member is Charles Berard. Charles is a lawyer and also holds an Engineering Degree. So think about the wisdom that Charles can bring to the Board table.

I won't go on and on with regard to the other Directors, all of whom are exceedingly well qualified, but I will comment on the Corporate Secretary.

Jennifer Kennedy owns over 132,000 common shares as well as 296,200 options. Jennifer was designated the 'Best Lawyer in Canada in 2009', and also the 'Best Lawyer in Canada in 2007'. She has a background in Corporate Law, and we should all feel good about having her on Connacher's team.

All that being said, I would think that our management is in the best position to make the best decisions for Connacher . Remember, it was DG who had the forsight to get a loan more than a year before the world financial crisis came along. And, it would only be reasonable now for the company to be looking at, and selecting the best way for Connacher to go forward.

As I said before, there are probably numerous ways of proceeding, but each of them will need to be carefully investigated before important decisions are made.

So, Bobert, I hope that you are having a good weekend. It's always good to hear from you.

Best Wishes,

Lynn