CALGARY, May 1 /CNW/ - Connacher Oil and Gas Limited (CLL-TSX) announced
today that it is a participant at the 2008 Raymond James Oil Sands of Canada
Conference in New York on May 5, 2008. Presenting to the conference at
approximately 8:45 AM MST will be Mr. Richard Gusella, President and Chief
Executive Officer and Mr. Peter Sametz, Executive Vice President and Chief
Operating Officer.

    To access the webcast of the presentation please go to the link provided
    below.

    http://www.wsw.com/webcast/rj36/cll.to/

    The slide presentation for this event is being posted on Connacher's
website at www.connacheroil.com. Click on the Investor Information link and go
to Presentations. A link to the webcast will also be posted on the website and
will be available at the time of the presentations.

    Connacher Oil and Gas Limited is a Calgary-based Canadian oil and natural
gas exploration, development, production and refining company. The company's
principal assets are its significant bitumen reserves and resources and its
100 percent interest in approximately 98,000 net acres of oil sands leases at
or near its Great Divide oil sands project near Fort McMurray, Alberta. It
also owns conventional production and reserves at Marten Creek and Three
Hills, Alberta and at Battrum, Saskatchewan. Connacher owns and operates a
9,500 barrel per day heavy oil refinery in Great Falls, Montana and maintains
a valuable 26 percent equity stake in Petrolifera Petroleum Limited (PDP -
TSX), a public company active in Argentina, Colombia and Peru in South
America.