Alright enough is enough with the nitter natter, lets get back to the fundamentals of this board. I wanted to get an opinion from others on the board, about the possibility of Connacher teaming up with Alberta Oilsands in a partnership agreement, to complete their wells at their clearwater project. I think it is entirely possible that Connacher see's this as a good use of capital (which would be considerably small compared to their own portfolio), and plausible considering their current pooling arangement and hanginstone. If Connacher did enter into a partnership, or even aquire the company entirely (which cannot be ruled out given their small market cap), what do you think this would do to the valuation of connacher? I know the company is small in comparison, but would this have a significant impact on their bottom line down the road, in addition to current operations? lets hear your opinions.

(CP) – 2 hours ago

CALGARY — Alberta Oilsands Inc. (TSXV:AOS) said it is seeking partners to develop its oilsands projects after posting a narrowed second-quarter loss helped by an 80 per cent increase in revenue.

The Calgary company, which has properties in the Athabasca oilsands region of northeast Alberta, booked an April-June loss of $921,812 or a penny a share, compared with a loss of $1.2 million. or two cents a share. in the same prior-year period.

Revenue jumped to $997,514 from $555,333.

The company produced an average of 325 barrels of oil equivalent a day, a six-fold increase from 54 barrels it produced in the same year-earlier period. It said the jump in production was achieved despite a 13-day period shutdown at its Slave Point well due to testing.

"Despite achieving success in conventional oil and gas prospects, our primary focus is to incubate and pilot our oil sands assets," the company said in a news release.

"We will take the steps to convert our discovered resources into proved producing reserves. We plan to accomplish this through commercial partnerships, hedging our input fuel requirements and growing our cash flow through the exploration and development of conventional oil and gas prospects."

Alberta Oilsands will spend about $4.5 million over the second half of the fiscal year to complete its oilsands pilot project in Clearwater West, near Fort McMurray.

Shares of Alberta Oilsands gained half a cent to 21 cents on the TSX Venture market.

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