didn't Alberta lower it's royalty rates this month?

As announced in March 2010 Alberta`s 2011 royalty rate for conventional oil will be reduce from the maximum current rates of 50% to 40%.

It does not effect the CLL. At this time we are in the holiday (pre-payout) rate of about 4%.

POD1 may start paying Post-Payout OILSAND rate of 35% on the Net Revenue at the end of this year. This will reduce the POD1 netbacks (excluding interest charges and OPX) from about 55 million to $25 million per year.

Rebel,

Assuming the worst case of this conflict and dramatic increases in OIL price, what is the rationality in investing your money in the Connacher - bitumen producer with the very high debt and very low profit margin.

Would it be more rational and logical to do what the CLL management did recently- sell your CLL assets and get the GTE shares (or any other Canadian light oil producers).