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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: S&P cuts Connacher to 'B', may cut further

Jurek,

The 2007 Dec 31st Financials explain the debt "pecking" order well (it seems the 2007 Notes have more detail than the 2008-Q3)

First Lien - Revolving LOC - $150M and $50M

Second Lien - Senior Notes - $600M U$

Convertible Debentures - Unsecured

All found in Note 9 of Notes To Financial Statements Dec 31-07.

Booster

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