2009-08-10-2008-04-01-2008-04-01

Entered pooling of 24,640 acres of oil-sands rights.

Connacher Oil and Gas Ltd., Calgary, (Toronto: CLL) has entered a pooling of 38.5 sections (24,640 acres) of contiguous oil-sands rights south of Fort McMurray in the Halfway Creek/Hangingstone East area of northeastern Alberta with Alberta Oilsands Inc. The pooling will result in the joint ownership, evaluation and potential development of any resources that may be identified by the evaluation program. The agreement provides for the joint operatorship during the initial two years of evaluation, with Connacher the designated operator of any subsequent evaluation and of any identifiable development programs. The companies expect to use steam-assisted gravity drainage if developable prospects are identified.