Disclaimer

This website is owned and operated by Connacher Oil and Gas Limited ("Connacher") and may be changed or updated from time to time without notice. Your use of Connacher's website acknowledges your acceptance and consent to the practices described in this disclaimer and agree to hold Connacher and its affiliates harmless from and against any and all claims, expenses, damages, costs or any loss of any kind arising out of using this website or any material contained in or obtained through this website.

The material contained in this website is deemed to be provided in Alberta and is subject to Alberta law. All monetary amounts mentioned on this website are in Canadian dollars unless otherwise stated. Website is provided as a service only.

The material contained in this website is for informational purposes only and does not constitute a solicitation or an offering of securities in any jurisdiction. Material available in or through this website (e.g. annual reports, interim reports, AIFs or press releases) is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Connacher and should not be used for the purpose of making investment decisions concerning Connacher securities.

Website Protected by Copyright and Trademark

The material found on this website may be used for non-commercial, personal or educational purposes only, may be downloaded to any single computer provided that this material is not modified and that copyright or trademark notices are not deleted. Any other use of this material including unauthorized downloading, retransmission or republication without Connacher's written permission is prohibited and may result in legal action.

Except as otherwise noted, the logos, icons, graphics, designs, names, trade names, trademarks or service marks displayed on this website belong to Connacher or other third parties and may not be used without Connacher's written permission.

This privacy statement does not apply to linked websites. Each website should be checked for the privacy statement applicable to it. Connacher is not responsible for the privacy practices in place on linked websites that Connacher does not control.

Third Party Websites

Connacher provides links to third party websites for your convenience only. The inclusion of these links does not imply that Connacher monitors, investigates, verifies or endorses these websites, and accordingly, their use is at your own risk.

Internet Software or Computer Viruses

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of material contained on this website when displayed or downloaded onto your computer. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Connacher recommends that you install appropriate anti-virus or other protective software.

Exclusion of Liability

Although Connacher updates this website with material it believes to be accurate at the time it is posted, Connacher does not warrant the accuracy, completeness, timeliness or currency of the material at all times. Connacher expressly disclaims any liability for errors or omissions in the material contained in this website. All material and information contained in this website is provided on an as-is and as-available basis. Your use of this website is at your own risk.

In addition, no warranty of any kind, whether implied, expressed or statutory, including but not limited to, warranties as to non-infringement of intellectual- property rights or third-party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses is given by Connacher in conjunction with the use of this website, the materials contained in this website or software algorithms. The material on this website is not intended to provide tax, business, investment or legal advice to any individual or entity. Connacher expressly disclaims liability for errors or omissions in any software algorithms. In no event shall Connacher be liable for any damages (including without limitation direct, indirect, special, moral, incidental or consequential damages), claims, expenses, costs, loss of profits, loss of opportunities or loss of information arising from the use of this website including, but not limited to, the use of or reliance on material contained in or obtained through this website; any inaccuracy or omission in such material or failure to keep the material current; use of any third party websites linked to this website; any internet software or software algorithms used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; inability to use this website due to, among others, interruption, delay in operation or transmission, defect, computer virus or line or system failure; and any other matter connected with this website, even if Connacher is made aware of the possibility of such claims, expenses, damages, costs or losses.

Internet E-Mail

As the Internet is not a fully secure medium and any communication may be lost, intercepted, corrupted or altered, Connacher is not liable for any damages related to communications (personal, confidential or otherwise) to or from this website. You agree that with respect to any material provided to Connacher through this website, Connacher has no obligation of any kind concerning such material; the material is non-confidential and non-proprietary; Connacher shall be free to use, disclose, distribute, copy or reproduce the material to others and shall be free to use any ideas, concepts, know-how or techniques of any kind contained in the material for any purpose whatsoever; and the material is truthful legal and does not violate the rights of others.

Privacy Statement

Connacher respects the privacy of visitors to our website. We do not involuntarily collect any personal information of individuals. We collect and maintain personal information of visitors only when it is submitted voluntarily, and we use this information only for the purpose of communicating Connacher information that has been requested.

When a visitor to our website submits a contact request form, personal information is also forwarded to our investor relations company, Bryan Mills Iradesso, to enable them to distribute Connacher information on our behalf. Neither Connacher nor Bryan Mills Iradesso provides this submitted personal information to any other parties for any reason.

Through this website, Connacher does automatically collect statistics about Internet service networks used to access our site. This data does not contain any personal information about individual visitors to the site. The information collected is used for a number of different purposes including tracking the number of visitors to the site.

Forward-looking Statements

This website contains statements that constitute "forward-looking statements" within the meaning of the applicable securities legislation. These statements include, among others, statements regarding outlook on oil and gas prices, estimates of future sales and production, business plans for drilling, exploration and production, the estimated amounts and timing of capital expenditures, anticipated operating costs, the merits or anticipated outcome of pending litigation, anticipated future debt levels, royalty rates and exchange rates, or other expectations, beliefs, plans, goals, objectives, assumptions or statements about future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimated", "forecasts", or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved).

Statements concerning oil and gas reserves contained on or through this website and elsewhere may also be deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the resources described can be profitably produced in the future. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated by Connacher. These risks include, but are not limited to: the risks of the oil and gas industry (for example, operational risks in exploring for, developing and producing crude oil and natural gas and market demand; risks and uncertainties involving geology of oil and gas deposits; the uncertainty of reserve estimates and reserves life; the uncertainty of estimates and projections relating to production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; and health, safety and environmental risks); uncertainties as to the availability and cost of financing; risks in conducting foreign operations (for example, political and fiscal instability or the possibility of civil unrest or military action); uncertainties relating to the litigation process, such as possible discovery of new evidence or acceptance of novel legal theories and the difficulties of predicting the decisions of judges and juries; general economic conditions; the effect of acts of, or actions against international terrorism; fluctuations in oil and gas prices and foreign currency exchange rates; and the possibility that government policies may change or governmental approvals may be delayed or withheld. We caution that the foregoing list of risks and uncertainties is not exhaustive. Additional information on these and other factors which could affect Connacher's operations or financial results are included in the Annual Report under the headings "Management's Discussion and Analysis", "Business Risks ", "Liquidity and Capital Resources", and "Outlook". You can access the Annual Report from this website. In addition, information is available in Connacher's other reports on file with Canadian securities regulatory authorities.

Forward-looking statements are based on the estimates and opinions of Connacher's management at the time the statements are made. Connacher assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

Non-GAAP Financial Measures

Included on this website are references to financial measures commonly used in the oil and gas industry such as cash flow and cash flow per share. These financial measures are not defined by generally accepted accounting principles in Canada. Consequently these are referred to as non-GAAP measures. Cash flow, as commonly used, appears as a separate caption on the Company's cash flow statement and is reconciled to both net income and cash flow from operations. Cash flow is used by the Company to assess operating results between years and between peer companies with different accounting policies. Our reported amounts may not be comparable to similarly titled measures reported by other companies. Cash flow should not be considered an alternative to, or more meaningful than, cash provided by operating, investing and financing activities or net income as determined in accordance with Canadian GAAP as an indicator of the Company's performance or liquidity.

Other Oil and Gas Information

Throughout this website, the calculation of barrels of oil equivalent (boe) is calculated at a conversion rate of six thousand cubic feet (mcf) of natural gas for one barrel of oil and is based on an energy equivalence conversion method. Boes may be misleading, particularly if used in isolation. A boe conversion ration of 6 mcf:1 bbl is based on an energy equivalence conversion method primarily applicable at the burner tip and does not represent a value equivalence at the wellhead.