Connacher Oil and Gas Ltd.

NEW, Connacher Oil and Gas Ltd. has retained Sayer Energy Advisors to sell eight noncore properties in Alberta and Saskatchewan. Total production on the assets is 230 barrels of oil equivalent and proved-plus-probable reserves are estimated at approximately 1.12 million barrels of oil equivalent. The package includes various working interests in the assets. The Bassano area features a 25% to 50% working interest in five wells with total production of 42 barrels of oil equivalent per day. The Bindloss area features a 100% working interest in one well with no current production. The Mikwan area features an 80% to 100% working interest in four wells with total production of 55 barrels of oil equivalent per day. The Stettler area features a 75% working interest in three wells with total production of 19 barrels equivalent per day. The Bashaw area features a 100% working interest in two wells with total production of 64 barrels equivalent per day. The Ferrybank area features a 3.75% to 10% working interest in 18 wells with total production of eight barrels of oil equivalent per day. The Spirit River area features a 9.75% working interest in two wells with total production of seven barrels of oil equivalent per day. The Steelman area features a 100% working interest in eight wells with total production of 33 barrels equivalent per day. For more information, contact Brent Heinz, 403-266-6133.