Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Hold the line: Retain Control

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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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Hold the line: Retain Control

Road_Warrior

May 19, 2009 02:40PM

Road_Warrior

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Re: Hold the line: Retain Control - correction

in response to

Hold the line: Retain Control

Road_Warrior

posted on May 19, 2009 03:28PM

Correction: Drifter Projects has already constructed the Great Divide Project. I mistakenly said "will build the Great Divde Project" in my previous posting.

http://www.drifterprojects.ca/projec...

Also, I listened to Connacher's Annual Meeting and not one word was said about restarting the Algar Project. So todays news about selling Connacher shares to raise money to have in place when the decision is made to resume construction at Algar, is the first positive indictation to shareholders that the resumption of construction at Algar is coming. With oil starting to build a support level at $58US to $59US bbl WTI this is a good indication of the stability that is needed for construction at Algar to resume.

Best Wishes; Scott