Re: Q1 2010 Results and some thoughts fro other board

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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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BKM8572

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Re: Q1 2010 Results and some thoughts fro other board

in response to

Re: Q1 2010 Results and some thoughts fro other board

B-Jay

posted on May 12, 2010 09:12AM

BJ:

In your posting of earlier today. you have a considerable assumption. Namely, " "producing successfully". It is not my intention to say such will not occur. Only that experience from Pod 1 raises the potential of considerable concern with effective start up and completion to budgeted and planned production levels without major and unbudgeted capital and operating costs additions which would potentially constrain the sp and bring with it the requirement of additional capital investment ( dilution)!