Connacher produces one millionth barrel at Great Divide



    CALGARY, July 22 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX)
announced today that on July 22, 2008 the company's production at Great Divide
Pod One surpassed one million barrels of bitumen. This is a significant
milestone for the company and its operating team in Calgary and on location at
Pod One.
    Current production at Pod One is presently ranging between 7,500 bbl/d
and 8,500 bbl/d of bitumen. Since our last report, the company experienced a
minor shutdown in May 2008 to activate its expanded trucking terminal. In June
2008 production was constrained while managing some minor issues related to
the vapor recovery unit and then the plant was shut down for several days for
an unscheduled turnaround to clean out vessels, which had experienced material
buildup since the startup of the plant.
    Connacher remains very pleased with the fact it has not experienced any
constraints associated with well productivity and the next step for the
company is to optimize production to realize Pod One productive and plant
capacity of 10,000 bbl/d of bitumen. It is noted that fourteen wells are
currently producing with steam being injected in associated well pairs; the
fifteenth producing well, which was redrilled due to mechanical complications,
has not yet been activated nor has steam yet been injected into its associated
injector well.

    Connacher Oil and gas Limited is a Calgary-based exploration, production
and refining company. Its principal producing assets and reserve base is
located at Great Divide, Alberta and it holds conventional crude oil and
natural gas properties in Alberta and Saskatchewan, owns a 10,000 bbl/d heavy
oil refinery in Great Falls, Montana and maintains a 24 percent equity stake
in Petrolifera Petroleum Limited, a Canadian oil company active in South
America.

    Forward Looking Information - This press release contains forward-looking
information, including but not limited to the company's intention to optimize
its production to realize productive and plant capacity of 10,000 bbl/d of
bitumen. Additional risk and uncertainties with respect to Connacher's
activities are described in the company's Annual Information Form which is
filed on SEDAR at www.sedar.com. Due to the risks, uncertainties and
assumptions inherent in forward-looking information, prospective investors in
the company's securities should not place undue reliance on forward-looking
information. Forward looking information contained in this press release is
made as of the date hereof and is subject to change. The company assumes no
obligation to revise or update forward looking information to reflect new
circumstances, except as required by law.





For further information:

For further information: Richard A. Gusella, President and Chief
Executive Officer Or Grant D. Ukrainetz, Vice President, Corporate
Development, Phone: (403) 538-6201, Fax: (403) 538-6225,
inquiries@connacheroil.com, Website: www.connacheroil.com


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