I'm back in this dog and pony show at $0.78, hey - misery loves company right. I (hope) think it can crawl back to $1.20. Decent ROI.

So what do you get with a $0.78 stock?

Stable 15k boe p/d and trending somewhat higher.

Manageable annual debt servicing payments.

A lot of debt!

Realistic debt reduction strategy (more non core asset sales, selling GTE shares)

A going concern but is profitable, I think. Not by much but enough to survive. I think...

Significant growth potential but can't afford it.

Looking for a dance partner to pay for Algar's expansion, costing $600 million, to add another 25k boe p/d.

Once scenario is CLL pays for 20% of the expansion (say $120 million), money I think they can obtain from existing sources; their partner puts up 80% (or $480 million) and gets 80% of the new 25k boes (20k), CLL gets 5k.

Would you pay $480 million for 20k boes a day? Assuming bitumen prices stay above $50 that might not be a bad investment for a pension fund, considering that CLL does all the heavy lifting. CLL gets another 5k for $120mm to help pay down debt. Share price goes up and up.

Any other expansion scenarios you can think of?