Connacher Oil and Gas

current price for Bitumen?

Current (Dec 12) Dil-Bit Price at Haristy Alberta is $78/bbl. This would translate to CLL Bitumen realized price about $53 to $54/bbl.

Q4 average is shaping to be about about $51 to $53/bbl. Very close to the brake even total cost.

Refining margin from CLL refinery may drop as much as 60% in Q4. Too much gasoline everywhere. This will pull down on Q4 earnings.

Martin

Sorry man but your 13% returns are not based on unrealistic assumptions. If you wish I can PM you a message with the calculation. In general people on the board hate the numbers.