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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Pescod's After the Bell today
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Pescod's After the Bell today

posted on Jun 20, 2008 12:29PM

CONNACHER OIL & GAS (T-CLL) $4.42 -0.06

It was on a February day that we visited

Connacher’s

Great Divide project with a group of analysts and interested

investors and the day we were up there, it was plus

two in Edmonton. With the wind-chill at a minus 25 around

the Great Divide and in Fort McMurray, it gave you a taste

of how much more difficult it is to get work done on the

project up there in winter than it might be during summer.

So it is a little disappointing that permits haven’t been

given to Connacher for a leg-up on getting work done during

the summer, when we suspect people are a lot more

efficient.

that they are in constant contact with the appropriate government

agencies and he suggests it’s probably just a

when, not if they get their permits and reminds us that

there have been no SAGD projects that have not been

given permits.

What’s next on the list for Connacher is a resource estimate

from GLJ that should be arriving on the door step

within the next 30 days.

Meanwhile, it’s nice to see another brokerage house

start following Connacher as RBC Capital Markets is now

following this stock and they give an interesting price target

on the stock and we quote, “Target Price Rationale”...

Our un-risked NAVPS (futures) estimate (which includes

future growth prospects) is over $13/share, with a

risked NAVPS (futures) estimate of ~$8.50. We are not yet

willing to set our price targets for long-lived assets off of

strip pricing. Therefore, we are initiating coverage of CLL

with a target price at $6.25/share, which is approximately

25% below our risked NAVPS (futures) estimate and consistent

with our target price methodology for other longlived

assets.”

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