Good Morning,

Of course, no one knows for sure why Resolute Funds added the sentence that is being discussed here.

However, these are uncertain times which are coupled with unrealistically low share prices in most stocks. Tom's initial change was dated December 8, 2008 and at that time, bitumen prices were such that Connacher made its announcement on December 15th that it was cutting back to 5,000 barrels a day at Pod 1.

My opinion is that Tom is protecting his investors. He obviously wishes to continue investing in Connacher. But ethically, he wishes to be able to represent his fund holders should there be any activity which is not in the interest of his fund holders.

His investments in Connacher are put into place with the idea that over the next 5 to 10 years they will grow considerably. Resolute Fund's main purpose is to achieve outstanding financial returns for its shareholders, so Tom's first priority has to be to ensure that his shareholders get the maximum return on their investment.

With his background, I don't think that he wants to manage an oil and gas company, but as you can see from the above, he wishes to be in a position to represent the best interests of his fund holders.

Best Wishes,

Lynn