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Microsoft Word - 12.01.2014 Connacher announces review of capital structure.docx
MEDIA RELEASE
December 1, 2014
FOR IMMEDIATE RELEASE
Connacher Undertakes Review of Capital Structure
Calgary, Alberta - 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 Connacher
Connacher 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.
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Contact
Chris Bloomer Greg Pollard
Chief Executive Officer Chief Financial Officer
Connacher Oil and Gas Limited
Phone: (403) 538‐6201
Fax: (403) 538‐6225
Suite 900, 332 ‐ 6th Avenue SW Calgary, Alberta T2P 0B2 [email protected]
www.connacheroil.com
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connacheroil.com
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Connacher Oil and Gas Ltd.
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EN DÉVELOPPEMENT |
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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 est une société de production minière de pétrole basée au Canada. Connacher Oil and Gas détient divers projets d'exploration au Canada. Son principal projet en développement est GREAT DIVIDE POD ONE en USA et son principal projet en exploration est ALGAR au Canada. Connacher Oil and Gas est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,5 millions CA$ (3,8 millions US$, 3,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 6,07 CA$, et son plus bas niveau récent le 13 mai 2015 à 0,01 CA$. Connacher Oil and Gas possède 452 950 016 actions en circulation. |