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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: Activist Shareholder acquires more than 10% announced on BNN

Hi rebels 1;

I will give Dick Gusella credit for creating a great deal of interest in the market for Connacher shares over the last month. Before then for the last 6 months of 2011 there was absolutely no interest in Connacher shares in the market place. No interest whatsoever. Now Dick Gusella's more recent manoevers have put Connacher back on the front page of the Business section in the news again as well as getting the share price back above .90 cents from the 0.23 cents oblivion that it had descended to. So he has successfully promoted the company in the market place which is his job. Six months ago none of us could have ever predicted that there would be an unpublished take over proposal, nor could we have predicted that this takeover would have been turned down. We could not have predicted that the President and Chief Executive Officer of Connacher would have been released along with the two executive Vice Presidents and that Dick Gusella would end up with the titles as Connacher's Chairman, President, Chief Executive Officer, Chief Operating Officer. Nor could we have predicted that the freeze on spending would have been nullified in favour of immediately building Pad 104 at POD one, drilling infill wells at POD 1 and diverting the steam from the 5 well pairs in the poorly performing North wellpad at POD 1 to Pad 104 when it is completed and leaving the 5 wellpairs to be operated as infill wells. In addition to the immediate building and activation of a DRU at POD 1 to separate bitumen from diluent to produce the desired 100% bitumen for shipment via railcar to markets on the West Coast of the USA. Nor could we have predicted the immediate expansion of the solvent spraying program at Algar to immediately start increasing production. All of these announcements by Dick Gusella have certainly brought Connacher's story front and centre to the attention of the market place in a very short and concentrated period of time. So Dick Gusella is doing his job (4 jobs actually) and he has basically single handedly raised Connacher's price to just under a dollar. With the news of a new majority shareholder it will be interesting to see if they will be interested in working with Dick Gusella to get the share price up or whether they are going to oppose him and go for a quick sale and try to depose him. This we cannot predict at this point. All that any of us should be interested in at this point is that the shareholders of Connacher Oil & Gas common shares will get full value for their shares.

Cheers; Scott

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