Connacher Oil & Gas Ltd CLLZF

Latest interview with O&G Guru

[segltech]

[e-mail] AN INTERVIEW WITH ANDY GUSTAJTIS (As of May 30, 2007) We are with Andy Gustajtis, the D & D Securities financial guru,who probably has the hottest hand in the oil and gas patch in picking stocks over the last year or two. He picked Corridor Resources (CDH) – who would have thought there was gas in New Brunswick way back at under a $1.00, but he was there. Similar picks such as Rally Energy (RAL), Kodiak Oil & Gas (KOG) and many others have fared equally as well. It’s time for an update so we caught the busy Gustajtis late on Wednesday… Dave: Associated company Connacher, which owns 26% of Petrolifera…. Andy: The SAGD project will be steaming later this summer. They will be in production on the tail end of the third or fourth quarter of this year. I get the sense that they are getting ready to make an application for their POD 2, that’s going to be another 10,000 barrels a day. I am convinced that they’ve got a company that will be producing 50,000 barrels a day of bitumen within the next five years. It will be 100% under their control. Their refinery they purchased for less than $50 million probably is going to give them flow equal to that this year. A purchase at one times cash flow is pretty astute. Dave: You have a fairly aggressive price on Connacher at this time, yourself? Andy: I do? Dave: You were saying $8.00 a year from today. Andy: I don’t know how aggressive that is. For a company that’s which is going to add 10,000 barrels a day every ten to 24 months, that to me, looks like a pretty cheap stock price. With Connacher, with all this good news with steaming imminent and production just around the corner, the financing is out of the way, and filing of POD 2 application, and additional 3D seismic that will probably identify POD 3 here in the coming months, I think it’s time to back up the truck.