Connacher Oil and Gas

Connacher Oil and Gas Limited (TSX: CLL), headquartered in Calgary, Alberta has a 100 percent interest in almost 90,000 acres (360 km²) of oil sands leases at its Great Divide oil sands project near Fort McMurray, Alberta. In June 2006, Connacher received approval from the Alberta Energy and Utilities Board to implement a steam-assisted gravity drainage scheme for the production of bitumen at the project pending an Order in Council and subject to certain conditions. Connacher also has conventional oil and natural gas production (3,300 bbl/day) from properties in Alberta and Saskatchewan, including those resulting from the acquisition of Luke Energy Ltd., which closed in early 2006. Luke Energy Ltd. is largely a natural gas producer with good growth potential and properties physically proximate to Great Divide at Marten Creek. Luke also held properties at Three Hills, Alberta. Connacher also recently acquired an 8,300 bbl/d refinery located in Great Falls, Montana. Refinery expanded to 10,500 bbl/day. Connacher presently owns 31 percent of and manages Petrolifera Petroleum Limited (TSX - PDP), which has interests in Argentina and Peru.

Additional recommended knowledge

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POD #1 construction is almost completed and will ramp up to an additional 10,000 bbl/day bringings CLL's production up to 13,300 bbl/day.

POD#2 in 2007 is expected to be submitted for construction during 2007 and 2008 with production of oil likely in the summer of 2008.

Corporate governance

Current members of the board of directors of Connacher Oil and Gas Limited are: Richard A. (Dick) Gusella, Charles W. Berard, D. Hugh Bessell, Colin M. Evans, Stewart D. McGregor, and W.C. (Mike) Seth.

See also

• Oil
• Gas
• Oil well
• Drilling
• OPEC
• List of oil-producing states