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CALGARY , Jan. 15, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announces that in connection with Connacher's process to devise and implement a strategy to address its liquidity and capital structure, as announced on December 1, 2014 , Connacher's Board of Directors has initiated a strategic process which could result in the sale of the Company or all or a portion of its assets. Interested parties should contact the Company's financial advisors, BMO Capital Markets at (416) 359-5143.
There can be no assurance that the restructuring or strategic process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.
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 .
SOURCE Connacher Oil and Gas Limited
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Connacher Oil and Gas Ltd.
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EN DÉVELOPPEMENT |
CODE : CLL.TO |
ISIN : CA20588Y1034 |
CUSIP : 20588Y103 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |