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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: PDP drilling report--Cannot paste

Re: PDP drilling and Update on Peru Activity

posted on Feb 20, 2008 04:48PM

 

Greengas

I appreciated the post you made from the newspaper.  It caused me some concern.  The Peru potential for PDP is substantial and anything that hinders their exploration might affect their share price.  If their share price is affected it might also impact Connacher's share price as well.   The factual data given in the press release implied that the data given in the newspaper article might have been "misinformation".  I guess it reflects on who to believe, a newspaper reporter who does not have full access to all the details, or the company.  Since the company is subject to potential legal recourse by various entities if they give false information, I tend to believe the company.

I do feel that in this instance the company did an outstanding job in communicating all the details to investors.  I also wish they would be equally as thorough in their next press release for  Pod 1.

Have a nice evening

Martin

 

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