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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: With Reguard To End of 2009 Cash and Bank Credit Position

"End of 2009 cash and bank credit position anticipated to be sufficient to complete Algar in 2010"



That certainly reassures me somewhat. Management have been very forthright in attacking problems proactively. If they did not feel able to put that statement in writing, they would have omitted it from the presentation OR stated something like, "the position is anticipated to be sufficient, but in light of global financial uncertainties, management are currently investigating alternatives to ensure that the position is adequate."



Again, is Algar and GD production intended to be reassessed in Q2 financial or calendar? I mean, we all know that they'll be watching bitumen & WTI prices on a daily basis, but that statement in the presentation is curious.





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