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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: Jurek, regarding n/gas use;

I believe they are currently trucking bitumen to one of three receiving terminals, in either Hardisty, Fort Mac, or a third location, and it depends on which of the three is offering the highest price at the time. This is only a short-term solution, and in the medium and long term, they will switch to a pipeline. From previous statements made by Gusella, it appears that they are doing all the engineering on the pipeline right now to figure out the best way to set it up, and I would expect that they will probably make an announcement at some point this year regarding the exact route and construction timeline.



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