Back from Calgary for few days before going down South to Arizona. Very nice wedding (~140 people) at beautiful settings of Silver Springs Golf Course.

Not much time so just a few notes on the recent developments.

It seems The News and oversold condition stopped the bleeding. Nice bounce from 24 cents. Incredible damage done to CLL market cap was driven by the institutional investors unloading over 120 million CLL shares.

Average September Bitumen price is out. Average monthly for CLL in Q3 will be about $44/bbl. $10 lower the in Q2. This will have an impact on Q3 numbers.

Reported Cash balance of $75 million (+possible $12 from Gran Tierra shares) will evaporate quickly with End of the year interest payments ($45 million) and 2011 Capex .

$100 million Convertible due next year may have to be pay by the CLL line of credit.

The good news for shareholders is that the share price is stabilizing at 30 cents level but the fundamental did not change that much. At current oil prices CLL is still selling the bitumen with substantial discount to the total cost.

Good luck, Jurek.