Hi Jurek. I suppose that many of us were hoping that the reserve report would have provided a bounce for Connacher's share price. Once again it appears that the reserves were already factored into the existing price as the market is looking 6 months ahead.

Other news today Tusk Energy TKE a junior natural gas producer currently producing 4,364 boe/d, of which 1,568 boe/d is oil and NGLs and 2,796 boe/d is natural gas according to their Q-3 report is being takenover. Yesterday Tusk shares sold for 0.86 cents and today they are going for 2.10 due to a takeover bid which is a 150% premium. This makes you wonder if Connacher's conventional reserves are woefully undervalued. These analysts know jack.

Cheers; Scott