Agreed Bobert - management has put their cards on the table, and invited all its shareholders into their Calgary Boardroom Dec 23rd and explained our exposure, critical issues and what the plan is moving forward.

Right now, cash is more precious than oil. To build Algar quicker (just to build it) would take most of Connacher's remaining lifeline. A gradual approach would be more prudent at this time. Having more production online is not the answer (this would accelerate our cash burn rate).

I would anticipate revisiting deals, purchase orders and agreements (including bank credit facility) and exploiting any opportunity available. Creativity is key. As long as both sides benefit, deals are modified routinely. And having cash as the motivator speaks volumes.

Jurek - we'll see when the 2008 FS are released whether our covenants are in tact for the 200M facility.

It's steady as she goes, one day at a time.

Good luck,

Booster