Connacher Oil & Gas Ltd CLLZF

what is PDP worth??

[dondon]

I wouldn't be so quick to dismiss CLL's 26%ownership in PDP,as stated below there is much value in 26%ownership of PDP besides "CoLLateral"it along with what's described below are "infrastructure value"I dont see too many Tar Sand Cos with their own refinery or Ng source along with a parternership in a producing Oil Co. In addition to its extensive oil sands project and its conventional exploration and production operations at Marten Creek and Three Hills, Alberta and at Battrum, Saskatchewan, Connacher owns a 10,000 bbl/d refinery at Great Falls, Montana, where it is in the midst of constructing a new 150,000 barrel asphalt storage tank which will enable continued year-round high throughput rates at the refinery. Also, construction of a NaHs unit to extract impurities from the fuel gas supply was recently completed, which will enhance environmental performance. 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.