Objectives

Connacher’s overall objective is to create shareholder value. Specific near term goals that should contribute to the achievement of this objective are as follows:

• Optimize bitumen production at Pod One and Algar
• Monetize non-core, mature or non-cash generating assets

Strategies

To date, Connacher has used innovative and committed strategies in pursuit of its objectives.

• We own and operate 100% working interests in oil sands
• We focus on projects characterizing expandability, repeatability and sustainability
• We operate with financial discipline and prefund major capital programs

Refer to forward-looking information disclaimer.