Connacher Oil and Gas Limited is a Calgary-based exploration, development and production company active in the production and sale of bitumen, crude oil, natural gas and natural gas liquids. Connacher’s shares trade on the TSX under the symbol CLL. Connacher’s principal asset is a 100 percent interest in approximately 100,000 acres of oil sands leases in the Athabasca oil sands fairway, south of Fort McMurray, Alberta. Its main oil sands lease block, Great Divide, contains 500 million barrels of proved plus probable bitumen reserves. The Company’s first notional 10,000 bbl/d steam-assisted gravity drainage (“SAGD”) oil sands project, Pod One, commenced commercial production in March 2008, just four short years from first purchase of lands in the region. Algar, the company’s second notional 10,000 bbl/d SAGD oil sands project, was completed in April 2010, ahead of schedule, under budget, and is ramping up production. The Company anticipates combined bitumen production to average between 14,500 bbl/d and 16,500 bbl/d in 2011. Connacher also owns conventional crude oil and natural gas production and reserves in Alberta and owns and operate a 9,500 bbl/d heavy oil refinery located in Great Falls, Montana. 
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