It seems to me that the reccent news, is overall positive in that greater production will be possible over a smaller land area. This should support a reduction in infrastructure costs over a total improvement in barrels produced. This should result in lowered unit costs per barrel produced. Thereby improving the overall economics

At present, there are no meaningful details as to cost or how such will be financed. Dilution, debt? As we get more information as to the details, these elements should become clearer.

The Annual Meeting should be very interesting. All in all, a positive and net plus for all holders of Connacher.

Brian