Re: Slide 6 Summary

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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jurek

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Re: Slide 6 Summary

in response to

Re: Slide 6 Summary

Booster

posted on Dec 31, 2008 07:00AM

It is nice to be back home with the family. Best wishes for a Happy New Year and a prosperous and healthy 2009.

Good to see this board very much alive despite all this difficulties CLL is experiencing now.

Just for clarification on financial covenants with respect to its 200M Revolving Credit Facilities: 1.5 convergence ratio for 2009 EBITDA to consolidated interest expenses.

Other requirements from 2008 which may apply in 2009:

Consolidated Total Debt to Total Capitalization ratio shall not exceed 65% at the end of the fiscal quarter and Consolidated Senior Debt to EBITDA ratio shall not exceed 3.5:1 at the end of any fiscal quarter.