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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: OIL!

TNX Jurek.

Yes I'm very down earth thinking and I'm sceptical on statements from people in high positions.I'm not a guy who beleaves everything these guys ae saying.They have only one reason in mind and tha's making MONEY.Who will be the big winner in these crisis?The Central banks who get control over the troubled banks and on longer term the money they put now in the market is coming back with huge profits.

Now about this

So tight that the holders of physical supplies wouldn't sell - even when offerred $25 more than last week's close.

Yes it seems to go that way but I think it can't be substained at that level.If worldwide the economic situation is going down I can't imagine that the supplies will stay so low.Someimes the effects showing up some Q's later .Now we have to wait what we are gonna see on the oil chart .I personnally would like a price at 100 average .

What is your opinion on numbers for MRC?If Luke is not contributing very much for us shareholders then the focus is on the SAGD and MRC?

In latest calculations on a spreadsheet it was clear that the output has more impact then the oil price.So once they achieve the 10.000 bpd can we say the impact from sagd for the rest of the Q's until Algar is on line will be minimum or do I see it wrong.So only that could upgrade our numbers is MRC?

Because you and Spidey or almost at same level can you guys figure out what MRC could do supposing we have average oil at 100 to 120 which I assume for quite a while?Good or bad thing??

You told a while ago you think sp will stay in same band like last 2 years with some quick moves up probably but not an outbreak.Most of us however before Q2 # were out, thought a run to 6 and some have 8 in mind but these hopes were broken after the Q2 # showing MRC was putting a demper on the situation.

Now that oil has lost some of his momentum do you still think we may not expect better Q's from MRC?



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