share price: $3.70

CALGARY _ Connacher Oil and Gas Ltd. (TSX:CLL) says its Great Divide Pod One oilsands project "continues to exceed expectations" and has reached production of 7,000 barrels per day of bitumen.

The Calgary-based operator of oilsands and conventional properties said its total production has increased to 10,600 barrels of oil equivalent per day.

The steam-assisted gravity drainage project at Great Divide in Alberta is expected to reach production of 10,000 barrels per day of bitumen in 2008.

current sp:$4.55 nice gain from $3.00 in a few months.

The approval for Algar the next pod should be in soon in June or July.

Connacher Oil and Gas Limited (CLL - TSX) announced that on July 22, 2008 the company's production at Great Divide Pod One surpassed one million barrels of bitumen. This is a significant milestone for the company and its operating team in Calgary and on location at Pod One.
Technically, MSCD is bullish. The stock has been showing support around 3.66, resistance in the 4.65 range and is rated neutral today.
(Stoxline Canada Site: Stock Technical Analysis, Stock Rating)

This one is showing weak bullish signals. And as long as the MACD is running where it is right now, stay away. It is one thing to take a risk on a company trading at least 250,000 shares a day. This thing only traded 51,000 today [July 28th 2008] If you are going to take a chance on one like this, stick to your plan. On one as speculative as this, never more than 4 percent of your total portfolio.

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