Connacher, in my opinion at $3.00 per share Canadian, is perhaps the safest investment you can make at this time if you are an investor. You are shielded from a declining dollar and at the same time are invested in a company that has considerable hard assets including, a producing plant, funding for a second plant, a profitable refinery, conventional production, and proven oil sand assets with a net present value at 10% of 2.6 billion dollars or about $13.00 per share with potential of a dramatic increase after the 2008 winter drilling program. If Connacher just executes it’s plan as presented, the stock value has the potential for being a 10 “bagger” in less than 7 years! If Connacher only had these assets its potential is still tremendous, but it has in my opinion an ace in the hole that could totally blow the stock value to unbelievable heights!

Connacher owns about 14 million shares of Petrolifera a profitable Canadian Oil company that operates in South America. They currently have numerous producing wells in Argentina but their stock price took a hit when Argentina drastically increased taxes on production, but still even with the new tax structure, their operation in Argentina is still profitable. The huge potential though is their holdings in Peru and Columbia, In Peru they have two major blocks, block 107 in the Ucayali basin of 3.2 million acres and Block 106 in the Maranon basin. Both have huge potential for discovery. In the third quarter of 2007, the “ iQ “ report states that Block 107 is “On trend with the Camisea Complex where total reserves estimated by Perupetro exceed 16 tcf natural gas and 850 million barrels condensate”. In other words just Block 107 has the potential for 16 trillion cubic feet of natural gas and 850 million barrels of condensate. This is absolutely huge and its just one block! To put it in perspective at $9.00 per 1000 cubic feet of natural gas and $100 per barrel oil, if this potential is proven, it would be worth $292 per share of Connacher stock, considering 210,000,000 shares outstanding. Connacher should suit both the values of the extremely conservative investor as well as the “gambler”. What other stock has this amount of potential with as little risk?