Connacher Oil and Gas Ltd Stock

Connacher Oil and Gas Limited is a Canada-based exploration, development and production company. The Company is an oil sands producer, developer and marketer of bitumen. The Company holds approximately 100% interest in over 435 million barrels of proved and probable bitumen reserves and operates approximately two steam-assisted gravity drainage (SAGD) facilities located on the Company's Great Divide oil sands leases near Fort McMurray, Alberta. Its two producing projects at Great Divide are known as Pod One and Algar. A total of approximately 23 SAGD well pairs and over 13 infill wells are located at Pod One and a total of approximately 18 SAGD well pairs are located at Algar. Pod One has a steam generation design capacity of 27,000 barrels per day (bbls/day). The Pod One project covers approximately 3,840 hectares. Algar produces approximately 11.5 million barrels. The Algar project area covers approximately 2,048 hectares.