A third positive aspect applys to Connacher's holdings in Petrolifera which niceguy8989 just mentioned. According to Connacher's 2007 Annual Report on page 72 it states:

Under the terms of a Management Services Agreement with Petrolifera, which has been extended on a month-to month basis since its original term, which expired in May 2007, Connacher provides certain management and general and administrative services to Petrolifera. The fee for this service is $15,000 per month. From time to time Connacher also pays bills on behalf of Petrolifera, for which it is reimbursed at cost. Connacher is also guarantor for Petrolifera in Peru and operator of record on behalf of Petrolifera in Colombia for which Connacher is indemnified by Petrolifera. Petrolifera paid Connacher $200,000 in 2007 under the management agreement which management anticipates to be replaced onsubstantially the same terms by a new agreement effective January 1, 2008.

Cheers; Scott