Re: Questions to DG
in response to
by
posted on
Jul 09, 2008 05:43AM
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
Yes I overstated the debt to a billion, but it is close. At the most they might receive 4% on the Algar portion, they are paying 10.75%. You do the math!
At least I hope it is now being put to work, with the cash down, as per yesterdays presentation, that means it is being spent, hopefully on Algar stuff!