Connacher Oil & Gas Ltd CLLZF

RE: Wellsitter, Lonewhiner, wdr2 et al,Cat

[Wellsitter]

Cash flow per share was bang on $.025per share but I don't know if I just missed the news that we were doing the turnaround in Q2 instead of Q3 but that certainly had an impact on profitability. I was bang-on with my assumption that operating revenues were +/- $54mm (that's the number I used to calculate the
.25) and it's a good number which should bring oil sand operations to around a quarter billion in annual revenue for 2010.

I can see where revenues from all sources will be pushing the $1/share mark before the end of next year which is good for the longs (of which I am not).

Overall, I see a sell-off tomorrow based on the $30mm loss for the quarter. My position is in profit and I didn't get to sell half at $1.54 like I had hoped (it only got to $1.52). Missed it by that much. Nonetheless, the technicals indicate that the price will drop to $1.30 before heading back to the $1.55 - $1.60 range so I'll probably add.