In Petrolifera's press release today the following statement was made that Connacher will take advantage of the new PDP share offering by purchasing 13,558,540 PDP shares at 0.88 per share. Connacher is doing this to maintain its 24% ownership of Petrolifera. The press release states"

"Connacher Oil and Gas Limited ("Connacher"), a significant shareholder of the Corporation, has indicated its intention to purchase 13,558,540 Units being offered pursuant to the Offering. Following completion of the Offering, Connacher will continue to own approximately 24 percent of the outstanding Common Shares (approximately 22 percent if the Over-Allotment Option is exercised in full)."

Best Wishes; Scott