Re: CLL/PDP/GTE transaction

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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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M14W49

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Re: CLL/PDP/GTE transaction

in response to

CLL/PDP/GTE transaction

jurek

posted on Jan 18, 2011 11:32AM

Jurek

Thank you for this post. It underscores the central point that Connacher did not get rid of the trememdous potential it had with Petrolifiera, it just got rid of the headache! If Gusella still believes that the holdings that Petrolifiera had in Peru and Columbia have the potential for a major discovery, Connacher will hold on to the shares. Once this deal is complete, Connacher will have much more flexibility to use this asset.

Martin

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