Connacher Oil and Gas

Oilman:

What you are contending regarding Pod 1 problems, is what I have been contending for now nearly two years. It is my belief that Gusella had developed Pod 1 with a totally inadequate contingency budget. When the "crash" hit he paniced with the result of resevoir output damage as well as operational equipment damage. And that as a result we experienced the enormous increase in dilution of the stock.

Our hope need be that he first learned his lesson and secondly, that he built in adequate contingency budgeting in event of a repeat collapse in oil pricing or, any other potential unforseen problems!

Brian