The good news is that the 2 hedging contracts for 2009 are now finished. It appears that Connacher has one remaining hedge left for 2,500 bbl/d of bitumen for the calendar year 2010 at WTI US $78/bbl. The question is, is it time to sign another hedging contract for an additional 2,500bbl/d right now above $80 bbl/d for the next 6 months to a year or should management wait a bit longer to see how high the oil price will go and then lock it in? What are your thoughts on this?

Best Wishes; Scott