| Connacher Undertakes Review of Capital Structure | |
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CALGARY , Dec. 1, 2014 /CNW/ - Connacher Oil and Gas Limited(CLL – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to devise and implement a strategy to address Connacher's liquidity and capital structure. In this regard, BMO Capital Markets has been engaged as the Company's financial advisor to assist the Company in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board of Directors has approved a particular course of action or otherwise determines that disclosure of such developments is material.
About ConnacherConnacher is a Calgary -based in-situ oil sands developer, producer and marketer of bitumen. The Company holds a 100 per cent interest in approximately 450 million barrels of proved and probable bitumen reserves and operates two steam assisted gravity drainage facilities located on the Company's Great Divide oil sands leases near Fort McMurray, Alberta .
SOURCE Connacher Oil and Gas Limited
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Connacher Oil and Gas Ltd.
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DEVELOPMENT STAGE |
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CODE : CLL.TO |
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ISIN : CA20588Y1034 |
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CUSIP : 20588Y103 |
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Connacher Oil and Gas is a oil producing company based in Canada. Connacher Oil and Gas holds various exploration projects in Canada. Its main asset in development is GREAT DIVIDE POD ONE in USA and its main exploration property is ALGAR in Canada. Connacher Oil and Gas is listed in Canada. Its market capitalisation is CA$ 4.5 millions as of today (US$ 3.8 millions, € 3.3 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 6.07, and its lowest recent point on May 13, 2015 at CA$ 0.01. Connacher Oil and Gas has 452 950 016 shares outstanding. |