Contained in the 2007 year end report. http://www.connacheroil.com/document...

Located on page #7

Our Montana refining operation was the major contributor to corporate cash flow during 2007 and while the current

economic slowdown and deterioration in credit markets is expected to adversely affect economic and market conditions,

we remain optimistic about the long term prospects for this business division. To that end, we are actively evaluating

the expansion of the refinery’s capacity to as much as 35,000 bbl/d. Decisions in this regard will await the completion

of detailed engineering and costing studies.