Connacher Oil and Gas

Sharky:

I am sorry to hear that Opel is doing so badly, but not surprised. I used to call on them in Deutschland at Russelsheim, Kaiserslautern and Cadix in Espagna as well as European HQ in Paris.

Things are looking good for the oil price with WTI at $78.75 and Brent at at $81.98 this morning. Now we need the price differential for bitumen to tighten up a bit more closely to WTI and Brent.

Connacher should be announcing commercial operations any day at Algar. Now we need increasing production at Pod 1 and the price of oil to sustain itself without going too high and destroying demand.

Brian