RE: RE: Great Divide Expansion JVThat is correct.
Note that the Connacherprepared the project site for brownfield expansion, which is anticipated toresult in a lower prospective cost structure as a consequence.
Connacheranticipated that the results of Rothschilds negotiations and detailed costing of its expansion alternatives will be completed atapproximately the same time as it receives regulatory approval.
The NEN project approval is expected at any time.
Note also that there are over 100 million barrels of reccoverable bitumen in the Possible category, with additional upside from best-estimates of contingent resources.
Rothschild is a worldwide financial advisory firm with a 200-year history.With 1,000 bankers based in 40 countries, the firm's scale, global reach andlocal knowledge enable it to develop relationships and deliver effectivesolutions to support clients worldwide. Rothschild recently opened its Calgaryoffice in recognition of, among other things, the increasingly important rolethe oil sands will play in future energy developments, not only in Canada but ona worldwide
basis.
Its fair to say that Rothschilds dont deal with small plays.
You can bet that the JV deal will be in the billions.