Hi Brian

If your statements about an improving cad $ will working out then as foreign investors in that currency we will be fine in time?

I found some latest reads on the other board.

Where are we now?,…we are at $ 1 BILLION in financing raised, most of it or $650 millions in bonds that are carrying over 10% annual interest. Total interest payments approach ~$100,000,000/year, there are over 500,000,000 shares and production from first SAGD projects is only ~6000 bopd... if that after over 1 year on.

Original design had to be modified to include 17 & NOT 15 pairs, they constantly keep throwing shareholders money at problems that they DO NOT understand. After 5 years of promises they DID NOT meet a single production target yet.

Yes the second pod WAS on time but you have to ask yourself ‘on time for what’ ….loosing even more money!?

It cost them 370mil .The cost to build was originally estimated at 375mil.. Let be serious about a 5 million $ savings. Its nothing ,a drop in the bucket considering how stupid they have been with debt and other purchases. Do any of you realize the cost of pump repairs from pod 1, and never mind the few simple adjustments to algar, that 5 mil is already gone plus, plus.

I think this is a brutal statement where we are now.In fact it's simple said the reallity of what has been promised and what is accompished.

The question is how sure can we be that

1. pod 1 will reach design capacity in 2011.They spoke about the ESP pump cost.This was first not planned to use them but probably they need them now.Are these pumps taken into the cost for Algar design?
2. Is there a chance they need extra well pairs for Algar like they need for pod 1 and still not reached design output?Question is ,is this a miscalculation in operation design or was it not possible to extract oil at a decent flow from some wells?If so how can we be sure all Algar well pairs will give the needed output to achive 10.000 bpd?
   2C stated ones that it was not possible they could go a little higher above design capacity.So you have that 10.000 bpd figure for a plant but what is the real maximum figure they can achieve without doing extra upgrade cost ?
3. IMO based on the time we are following this company it's not so simple to conclude that a SAGD plant which has a certain design capacity will actually meet this target in the time proposed to meet it + probably here and there will need upgrades on installation.

So based on what they will do on the power outages ,installing hot temp esp's can we finally hope there is a chance we can achieve 8000 bpd or + in coming months?