Hi Noam,

I would guess that you have a background that leads you to your conclusion that Connacher may get burned.

I am sure that Connacher is getting the best advice on their proposed MRC expansion. So far, they have structuctured their company as a junior integrated. and time will tell if the expansion works for them.

I am not going to drop any more names, but I know that they are getting advice, when they request it, from some of the most respected and most successful former oil sands CEOS etc. In short their decisions are extremely well researched.

You always have the right to your opinion, but the chances are, that you will be very pleased with your Connacher investment if you put your faith in their management team. Also, don't be shy in giving Dick a call on any of your concerns. He will reply, and answer any questions that you may have.

Best Wishes,

Lynn