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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: Re: The Deadline Approaches - Brian

Dec 01, 2010 10:47AM

Dec 05, 2010 08:13PM

Hi Scott:

Wanted to let you know that I do appreciate your ability to ferret out information pertaining to Connacher and the Oil Sands in general and share it with the Board. In my opinion it is truly helpful.

My posting of yesterday was more designed to shake things up a bit and be an invitation to some posting.

In complete agreement that Connacher needs to get critical operational parameters in order before moving on to additional expansion. Such will permit not only maximization of performance criteria but, also time to do some badly needed balance sheet repair. Such would also likely enhance their ability to get less burdensome loan provisions for future expansion. One cautionary note. Gusella has announced his intent to retire in now about two and a half years. Assuming he wishes to build additions before retirement, the window is getting a bit tight. My hope would be that he not sacrifice reasoned approach to personal ambition!

Brian

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