Connacher Oil and Gas

Upon further review it seems MRC may currently be a drain as opposed to a contributor. It seems the depreciation is taken away after the $9.5 million gain. Depreciation was about $11 million, therefore a loss of about $1.5 million for tax purposes. The $21 million CAPEX is cash out but not a total expense. I see where you are headed Jurek. They would have to start earning about $15 million to make this a contributor.