Martin

1. With regards to " hidden transactions". This is unfortunate use of words. Like was pointed out by SirrocoPlacethis this is a trading procedure to keep ask and bid in balance and limit the volatility especially for low liquid stocks. All international market works this way. Why would TSX have different roles especially that is run by our American friends from S&P. It is nothing unusual or special . There is no other way for institutions to purchase larger amount of shares . No conspiracy here.

2. Net asset value.

I posed my # in details on most CLL boards . If you look ,you can find it. Let me know if you have problem. My CLL NAVPS (DEC 2007) is $5.1 ($1.6 conventional+$3.5 Oilsands).

NAVPS by RBC (Jan 2007) ---$4.85

By RJ (2007) ----$4.4

By Desjardins (2007 adjusted for new royalties) ---$4.42

By ORION SEC (2007 adjusted for new royalties )--- $4.6 (this one is from my memory .I could be wrong by 10 cents).

Please, this is nothing personal it is what it is .Just the boring NAV numbers which can not be confuse or mix with the current or future production. When you go to revenue, cash flow ,debt ,tax, royalties ,etc.. you are going to use different way of evaluation and parameters which as not as good as some of us think.

CLL 12 months target prices are from $4.5 to $6. Most resent from RBC is $5. $6 target is old from 2007 before $600 mln notes at 10.25%. My 12 months target is $4.5

JUREK