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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

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Message: Making It work

Upon further review it seems MRC may currently be a drain as opposed to a contributor. It seems the depreciation is taken away after the $9.5 million gain. Depreciation was about $11 million, therefore a loss of about $1.5 million for tax purposes. The $21 million CAPEX is cash out but not a total expense. I see where you are headed Jurek. They would have to start earning about $15 million to make this a contributor.

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