According to the RBC Report on page 72, Mark Friesen CFA states that he expects the proceeds from the conventional asset sale will be approximately 90 million dollars. It will be interesting to see just how close the real procceeds of the sale come to this number. It will certainly reflect on the rest of the report's veracity if the numbers are very different from this number.

Someone mentioned in a previous post, that there is no mention of the Gilby/Three Hills natural gas producing property in Central Alberta, nor the Latornell natural gas producing property in northwest Alberta mentioned in the asset divestiture sale. I wonder why not? Does anyone have any idea what the specific current production is from these two areas. Why would Connacher not get rid of all of it's conventional assets? Why retain these two properties specifically?

Now it makes sense why Russel Longley, the Vice President of Operations who was responsible for Connacher's conventional oil and natural gas production left the company some months ago. He probably was informed of what was coming in terms of the divestiture and saw that there would be no longer any need for his services. The same with Steve De Maio, the Vice President of Project Development who over saw the construction of POD 1 and Algar and who oversaw the submission of the Algar Phase 2 expansion project to the ERCB. With the expansion project 2 years away, Connacher most likely felt that they no longer required his services or he found a more challenging project with the company that he went to.

Cheers; Scott