CGY_B21

2) The latest new release said that POD 1 will be operating at full capacity by qaurter 3 of this year. When they say full capacity I am assuming 9500 b/d or higher. When they curtailed production there was no ill effects from the decision, except for the fact that it takes a few months to ramp back up. If POD 1 averaged 6,666 b/d through June 30, there is a high possibility that they were steaming lower 5,500 - 6,000 range through the end of may, and then 7000+ through the end of June. Now that we are halfway through July we could be in the High 7000's or low 8000 b/d range.

If you look back to January 09 DG said production at POD1 would be at 10k by Q2 and if you look back to BNN April 2008 DG said they had $600m debt financing and $200m line from the canadian banks and that POD1 and Algar were fully funded and they would not have to go back to the market.

Apparently DG's crytal ball is broken and his ability to predict the future is no better than yours or mine.

Credibility speaks volumes!