Hi Den,

The "Expansion Documents" you are referring to was The Public Disclosure Documents presented to public and shareholders for the discussion in March 2009.

AEUB Application released yesterday is already 6 months late according to project schedule (remember, nothing in Sand-Oil projects is on time or on budget).

I share your suspicion about the timing of this news. Application is an important step forward but equably important is finding the partner who will pay for the project.

CLL is not meeting a cash flow projection and if all goes well with Algar they will have no cash flow left after paying the interest and maintenance capital. They will be lucky to brake even.

The expansion will cost $600 to $700 millions plus $100 million for the pipeline. Trucking 40,000 bbl/d would be the logistic nightmare.

Judging by the latest Oilsand partnership deals this will not be good for the shareholders. IMO internal slow growth or total takeover for $1.8 to $2 per share + overtaking the $800 million debt would be more beneficial for CLL equity and Debt Notes holders.