As we approach the weekend, I think it's important that everyone feel good and that you are all able to enjoy yourselves.

I am sure that the management of Connacher is working diligently in looking into all possible solutions for the company.

With a considerable amount of cash in the bank, I am sure that they are already carefully watching what they are spending money on and also maximizing the generation of dollars in every possible way.

So, Connacher has lots of time on their side and what is more important, they have a number of ways to generate revenue.

At present, the MRC is generating more revenue than what has been discussed on this Board. The gas company is generating revenue. The conventional oil is generating revenue and Connacher has created increased revenue by some hedging on both production and on the Canadian/U.S. dollar.

At these oil prices, Connacher is making money but not as much as everyone would like. I am sure that they are fine-tuning Pod 1. With an improved SOR, the amount of revenue they will generate will be increased. Increasing production by the additional wells and the installation of ESPs, will also increase the revenue.

I'm sure they won't touch the $200 million in lines of credit unless they are able to be in control of the lending conditions. So there are a number of options that they can pursue, depending upon when the price of oil increases, and how much.

Some predictions are that the price of oil will increase considerably. Others, of course, have put a longer time frame on it. If the price of oil increases fairly quickly, then Pod 1 and the other money generators, can start to pay the interest in 2010 and also start to build that needed $200 million for the completion of Algar.

So, in these difficult times, we are just looking at a little more time to do what Connacher had originally intended to do.

I hope all you guys are going to have a great weekend. It's bright and sunny out here, but it is a bit chilly.

Best Wishes,

Lynn