Re: Do Not Under Estimate-----

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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BKM8572

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Re: Do Not Under Estimate-----

posted on Jan 29, 2008 10:04AM

As to the question regarding "do you have any suggestions regarding improvement in the balance sheet", two suggestions which Connacher has already seen to.

1. As their recent debt financing was denominated in US$, any strenghening of the CDN$ will effectively reduce Connachers obligations stated in CDN$. Of course, the inverse is also applicable. At this point in time however, it appears the US$ will be weakening relative to the CDN$.

2. Any improvement in Petrolifera SP will also reflect itself in Connachers balance sheet, thereby improving Connachers Metrics.