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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: The reverves and value of Battrum and Martin Creek assets

" Battrum Reserves

A current independent engineering report is available for the Battrum property. GLJ Petroleum Consultants Ltd. (“GLJ”) prepared a report on the property effective June 30, 2010 using GLJ’s July 1, 2010 forecast pricing (the “GLJ Reports”) as part of an annual mid-year update of Connacher’s year-end report.

The total proved plus probable reserves from the Battrum property is estimated to be approximately 2.3 million barrels of oil, with an estimated net present value of approximately $43.1 million using GLJ forecast pricing at a 10% discount.

Marten Creek Package Reserves – TOTAL PACKAGE

A current independent engineering report is available for three of the sub-properties that make up the Marten Creek property. GLJ Petroleum Consultants Ltd. (“GLJ”) prepared reports on the Parker, Marten Hills/Pelican and Marten Creek properties effective June 30, 2010 using GLJ’s July 1, 2010 forecast pricing (the “GLJ Reports”) as part of an annual mid-year update of Connacher’s year-end report.

Details relating to the sub-properties at Marten Creek can be found with the detailed information relating to each sub-property.

The total proved plus probable reserves from the Marten Creek property is estimated to be approximately 33.3 Bcf of natural gas and 94,000 barrels of natural gas liquids, for a total of 5.6 million barrels of oil equivalent, with an estimated net present value of approximately $67.6 million using GLJ forecast pricing at a 10% discount. "

http://www.sayeradvisors.com/offerings/offering_details.asp?offeringid=236&offeringSectionID=893

Cheers; Scott

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