Re: Management's plan for the cash from the divestiture

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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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M14W49

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Re: Management's plan for the cash from the divestiture

in response to

Management's plan for the cash from the divestiture

Road_Warrior

posted on Nov 10, 2010 07:05PM

Hi Scott

I am only speculating but what if Connacher issued more stock and used it in a stock swap to take Petrolifera back as a solely owned unit of Connacher. It then uses the proceeds from the sale for drilling activity on its leases in Peru and Columbia.

Martin

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