Connacher Oil and Gas Limited is a Calgary-based integrated oil sands company. Connacher’s shares trade on the TSX under the symbol CLL.

Our principal asset is a 100 percent interest in approximately 98,000 acres of oil sands leases near Fort McMurray, Alberta. The company’s first 10,000 bbl/d steam-assisted gravity drainage (“SAGD”) oil sands project at Great Divide Pod One (“Pod One”) commenced commercial production in March 2008, just four short years from our first purchase of lands in the region. Algar, the company's second 10,000 bbl/d SAGD oil sands project at Great Divide was completed in April 2010, ahead of schedule and anticipated under budget, with commercial production anticipated by the fourth quarter of 2010. Refer to forward-looking information disclaimer.

Connacher also owns conventional crude oil and natural gas production and reserves in Alberta and Saskatchewan. We own and operate a 9,500 bbl/d heavy oil refinery located in Great Falls, Montana. Additionally, Connacher owns approximately 20 percent of Petrolifera Petroleum Limited  , a publicly-traded company listed on the TSX under the symbol PDP. Petrolifera owns crude oil and natural gas production and reserves and conducts exploration and development on its extensive acreage holdings in Argentina, Peru and Colombia in South America.

In pursuing our objective of maximizing shareholder value, Connacher secures large, operated working interests, where possible. Over time, a balanced portfolio of oil sands, conventional crude oil and natural gas production and refining capacity will be pursued. An opportunistic approach, supported by timely decisions, reflects management’s experience and aggressive growth strategy to realize corporate objectives. Connacher pursues its objectives utilizing a financial structure considered appropriate for its long-life asset base, and while designed to deliver benefit to holders of our common shares.