Connacher Oil & Gas Ltd CLLZF

Drill holesMD Sorry for the confusion. My post re CLL's drilling was meant as sarcasm. Point being CLL only releases hard data as a result of drilling and analysis by GLJ. This level of proof is required by NI 51-101 to claim the existence of reserves and requires extensive drilling, hence all the holes. Other companies, some with huge market caps, barely scratch the surface of their holdings and loudly proclaim huge estimates of "OBIP". Massive amounts of Original Bituman in Place. These claims are nothing more than unsubstantiated gross estimates, or WAG's, as to the amount of potential product and they cannot legally be characterized as reserves. They are not bankable. As we see by todays announcement, the discipline employed by CLL in doing the necessary research before making any claims has the ability to unlock the vaults. The upshot appears to be that as they continue to prove the existence of oil at Great Divide, future funding can be secured without resorting to share dilution. A very good result, IMO..... (The previous post was all tongue in cheek (;=))