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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: Catching Up

Feb 05, 2009 04:29PM

Feb 05, 2009 04:44PM
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Feb 05, 2009 10:40PM

Hello Den

I did that run when I was 52 and it's not Brussels but in my area .Distance is 21 km.

But I did the 14 km last year in 1 hour 30 ".So almost at 14 km /h.But It's hard to maintain that level .I'm not so young anymore to run at that level .Average heartritm was at 180 and that's high for a 50 + person.

Now on CLL..I also believed Jurelk about current situation we are in right now andthe only which can save us most is a price as quickly as possible at around 65.Until that we are in the danger zone.Like I said before,CLL was 2 years to late for this projects.We haven't had the time on our side.

Can we as shareholders get away with gains?Hope so but will depend on how things evolve.

The best is a move in oil price at 65.If not then we face different options I guess and maybe to me the worst is once again a dillution by issuing more shares to finance the project.

What are the opinions (if oil price stays below target)about some scenario's like

  • Full take over
  • Partnership
  • Re- financing if possible
  • Other tax policy by Alberta government
  • Issuing more shares??
  • Expanding POD 1 (cost is lower then building Algar)

Maybe there are more but what could be the best for us to have a view on sp so that we could be back to levels between the old range of 3 to 4.5.At least we can reach break evens then.




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