Thank you Jurek for posting the direct link, and congratulations on your promotion. I'm not sure I understand what you mean by no money left for drilling. Slide 6 is -- as usual for Connacher -- very candid, and not very pretty. However it says Algar can be built in 2010 with a 14M cushion. My question would be, how will interest payments be made in 2010? I certainly hope things turn around with oil prices soon.

One positive I took away from the XOM Profits article I posted yesterday in the Off Topic forum, with respect to Exxon, that hopefully will apply to MRC:

"Results were better at its refining and marketing unit, where earnings rose 6 percent to $2.4 billion as higher margins overcame costs related to last summer's hurricanes and other factors."