Hi Greengas

I agree that a progress report would be nice but I suspect he's just waiting to confirm the initial production data. I don't think there is anything hidden with regards to either company. The subprime investment for PDP might be affecting their price to a small degree, but even with the new tax structure in Argentina, they can still have a very profitable operation.

The fact that they closed on the financing before production on pod 1 has started, indicates to me that there is nothing at all amiss with anything they have previously stated. You can bet that those bankers know every detail and every risk associated with Connacher, and they still gave Connacher a vote of confidence by closing the financing!

I bought a report on Connacher from Orion Securities this past summer that gave a target price of $6.00 by years end. I still think that this is posssible.

Have a nice day

Martin