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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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Message: June/July 2010 Presentation Update

The new presentation for June/July 2010 on Connacher's website has the following information: http://www.connacheroil.com/en/june_2010_presentation.pdf

POD 1:

- 5 more ESP's were installed in May 2010

- there are currently 13 well pairs with ESP's installed with only 4 more to be installed (excluding well pairs 13 & 14). (slide 22)

- the 18th and 19th well pairs which were drilled during the winter of 2009/2010 (well pairs 13 & 14) are currently going through the steaming process. (slide 22)

- as of April 2, 2010 the first 8 wells that have ESP's installed are running an average SOR of 3.0 (slide 21), and the 5 new ESP's are running an SOR somewhere between 3.0 and 4.2 average, which will go down to 3.0 over time.

- current bitumen production as of April 20, 2010 is 1250 m3/d of bitumen x 6.29 bbl = 7,862.5 bbl/d of bitumen average (slide 20) and the forecast is for 8,500 bbl/d average bitumen production in 2010. (slide 22)

- Q1 2010 average conventional production consists of 9.7 mmcf/d natural gas; and 937 bbl/d crude oil = 2,547boe/d total conventional production. (slide 42)

- 580,000 bbls of asphalt are under contract sold at average prices of US $100/bbl for Q2/Q3 2010. (slide 44)

Cheers; Scott

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