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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: Connacher Oil earns $3.64-million in Q3

as a correction to my previous post it should be a 1 cent per share profit and not 1%

I should point out that CLL ONLY has to come up with $100 for the debenturs and this has been accounted for and will be paid from existing and future cash on hand..INTEREST payments are paid from the netbacks on bitumen which were $19.38 ..Interst charges were 15,556 000 last quarter or 5.185.333 per month or 36.297.33 over the next 7 months.

So the claimed $180 million elephant in the room is actually $100 in debentures ( to be paid with cash on hand) and 36.297.333 interest ( paid out of netbacks) for a total of $136.297.333 fully paid for and not $180 million.

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