CLL.V - Connacher Oil and Gas Limited (CLL - TSX) announces that the company's conventional and bitumen reserve base expanded considerably during 2006. The increase in conventional reserves reflects successful drilling at Three Hills, Alberta and at Battrum, Saskatchewan and the March 2006 acquisition of Luke Energy Ltd. The recognition of proved bitumen reserves and the expansion of the company's reserve and resource base at Great Divide and surrounding areas reflects the regulatory approval and progress in the construction of the company's facilities at Pod One. It also reflects the impact of Connacher's ongoing core hole drilling program on its main lease block in the region.
UTS.V - UTS Energy Corporation is based in Calgary, Alberta. The Company's common shares (symbol: UTS) are traded on the Toronto Stock Exchange. The Company has two strategic areas of focus. Firstly, the development and execution of the Fort Hills Project, a mining project with a 4.7 billion barrels contingent resource. UTS owns a 30 percent working interest with partners, Petro-Canada with a 55 percent working interest and Operator, and Teck Cominco with a 15 percent working interest. Secondly, the Corporation is focused on the exploration and development of oil sands leases held jointly by UTS and Teck Cominco. These lands, consisting of 257,920 acres, if prospective, provide organic growth opportunities and potentially future funding flexibility for UTS.
FO.V - Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in Hungary through its wholly-owned subsidiary TXM Oil and Gas Exploration, LLC, and in Romania through its wholly-owned subsidiary JVX Energy Corporation.