Connacher Oil & Gas Ltd CLLZF

Connacher made 11 mil today

[bert2]

Connacher owns aprox 12.8 million shares of PDP PDP is up 91 cents today so far 12,800,000 X 0.90 = 11,520,000 Wonder how many multi nationals made 11mil today? Quote from JAN 12 news release below. Connacher also owns a 26 percent (fully-diluted) interest in Petrolifera Petroleum Limited (PDP - TSX), which demonstrated significant production growth from approximately 1,000 bbl/d or light gravity crude oil in January 2006 to over 13,400 bbl/d in December 2006 as a result of new drilling. This organic growth should continue during 2007 as Petrolifera has announced it plans to drill over 50 wells at Puesto Morales this year and also is anticipating commencement of drilling on its high-potential blocks in Peru. Connacher's net current cash investment in Petrolifera is only $2 million and its holdings have a current market value in excess of $210 million.