The new facts that appeared for the first time in this new Press Release are:

1) Algar was completed $5,000,000 dollars under budget : "Cost $370 million (original budget was $375 million".

2) The cost of the Algar proposed expansion from 10,000 bbl/d of bitumen to 34,000 bbl/d of bitumen was estimated to be around $600 million dollars : "Will require an estimated additional $600 million of capital investment between now and the end of 2012 to facilitate expansion to 34,000 bbl/d of design capacity bitumen production, subject to regulatory approval"

3) 36,000 man days of Aboriginal labour was employed during the construction of Algar: "700,000 hours of labour went into the project, including 36,000 man days of Aboriginal employment."

4) A number of caribou crossings were built around the Algar perimeter at key points along its infrastructure rights of way to protect the wildlife in the area: "We set a new standard for wildlife monitoring during construction, including the construction of caribou crossings at key points along our infrastructure rights of way. "

5) The co-generation plant is under construction (previous information stated that it will be completed in September). This co-generation plant will produce reliable energy from clean burning natural gas and will eliminated the power outages which have been experienced at POD 1 from the provincial power grid. Also, surplus power generated by the co-generation facility will be sold into the regional power grid for a profit, and excess steam can be directed into the underground well pairs. "The cogeneration plant under construction at Algar will generate electricity and steam, which will improve the plant's power reliability, as it is more thermally efficient to generate steam and electricity simultaneously.
Cogeneration using natural gas will reduce the overall emission levels for power generation as compared to coal-based power form the available grid"

"Surplus power generated once the plant is onstream will be sold into the regional grid, thereby reducing the use of power generated by burning coal, further enhancing air quality due to lower overall emissions as an indirect consequence of our power generating activity."

6) The wellpad foot print at Algar is 30% smaller than at POD 1: " The well-pad footprint is 30% smaller than Pod One ."

7) Connacher has only drilled core holes so far on 15% of its lands at the Great Divide to prove up it's bitumen reserves: "Only approximately 15 percent of our total oil sands acreage holdings have thus far been evaluated in this manner, so we envisage significant and sustainable growth of our reserves and resources on a prospective basis."

Cheers; Scott