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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: Connacher's working interest on Petrolifera's drilling in Peru

`Until such time as Petrolifera proves itself as a worthhile, susainable and accretive asset to Connacher, to bring it in as a Division of Connacher would bring undue risk to Connacher itself. Best to allow it to exist as a subsidiary wtih no intercompany debt guarantees, which could imperil Connacher itself.

Brian

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