At present, Connacher represents both extreme potential and extreme danger!

On the potential side of the ledger I see;

1. The potential in Colombia and Peru. The ownership state in Petrolifera could mitigate considerable risk to Connacher itself. Even up to and including the acquistion of the entirety of Petrolifera by Connacher if events in Clombia and Peru warrant such.

2. Potential strategic partnerships in Alberta that would increase the footprint of Connacher significantly in the Sands at a time when the economics of Oil Sands Production seem to be more compelling.

3. At the same time, the massive dilution we have recently experienced, without increased asset accumulation, only creates increased downside exposure to common shareholders without the synergy of increased asset exposure.

It all translates to increased potential, increased risks and nervous holders of the common shares.

Brian