Connacher files year end disclosure documents



    /NOT TO BE DISTRIBUTED IN THE UNITED STATES OF AMERICA
    OR THROUGH U.S. WIRE SERVICES/

    CALGARY, March 28 /CNW/ - Connacher Oil and Gas Limited ("Connacher" -
CLL - TSX) announced that it has filed with Canadian securities regulatory
authorities its Annual Information Form which contains reserves data and other
oil and gas information for the period ended December 31, 2007, and the
reports as mandated by National Instrument 51-101. Copies of the filed
documents may be obtained via SEDAR at www.sedar.com or on Connacher's website
at www.connacheroil.com.

    Connacher Oil and Gas Limited is a Calgary-based Canadian oil and natural
gas exploration, development and production company. The company's principal
assets are its significant bitumen reserves and resources and its 100 percent
interest in approximately 98,000 acres of oil sands leases in the Great Divide
region near Fort McMurray, Alberta. It also owns conventional production and
reserves at Marten Creek and Three Hills, Alberta and at Battrum,
Saskatchewan. Connacher owns and operates a 9,500 barrel per day refinery in
Great Falls, Montana and maintains a valuable 26 percent equity stake in
Petrolifera Petroleum Limited (PDP - TSX), a public company active in
Argentina, Colombia and Peru in South America.





For further information:

For further information: Richard A Gusella, President and Chief
Executive Officer, Connacher Oil and Gas Limited, Phone: (403) 538-6201, Fax:
(403) 538-6225, inquiries@connacheroil.com, Website: www.connacheroil.com


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