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.
Our principal asset is a 100 percent interest in approximately 100,000 net acres of oil sands leases near Fort McMurray, Alberta. The company’s first notional 10,000 bbl/d steam-assisted gravity drainage (“SAGD”) oil sands project at Great Divide Pod One (“Pod One”) commenced commercial production in March 2008, just four short years from our first purchase of lands in the region. Algar, the company's second notional 10,000 bbl/d SAGD oil sands project at Great Divide was completed in April 2010, ahead of schedule and under budget, with commerciality achieved effective October 1, 2010. Refer to forward-looking information disclaimer.
Connacher also owns conventional crude oil and natural gas production and reserves in Alberta. We own and operate a 9,500 bbl/d heavy oil refinery located in Great Falls, Montana. Additionally, Connacher's legacy investment in Petrolifera Petroleum Limited was recently converted into 3.3 million common shares and 840,000 share purchase warrants of Gran Tierra Energy (TSX:GTE), pursuant to a plan of arrangement between Petrolifera and Gran Tierra.