Re: The Most Important Part of The Conference Call- Thomas1

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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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Thomas1

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Re: The Most Important Part of The Conference Call- Thomas1

in response to

Re: The Most Important Part of The Conference Call- Thomas1

krissy09

posted on Mar 21, 2010 07:57AM

Krissy,

Hello

Thanks for the reply. Connacher will reduce debt as able. As DG said they will be growing into their balance sheet in the coming months with Algar producing.

I was not trying to be funny. I have communicated about the debt with DG and he is aware and thoughful about what needs to be done over the next several years. The company could pay down some of the debt and then in 2014 pay off the old debt with new debt with better financing. With the ramp up to 44000 they will need to balance their obligations.

I was getting the impression from your posts that you feel if they can't come up with the money in 2014-15 then the company will go under, and I dont think that reflects the reality of the options the company will have as they ramp up their plans .