CALGARY, May 12 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX)
announces that it will be webcasting the Corporate Presentation which is
scheduled at its Annual Meeting of Shareholders being held on Tuesday, May 13,
2008 at the Devonian Room at The Calgary Petroleum Club in Calgary. The
Corporation's presentation will be made by Mr. R.A. Gusella, President and
Chief Executive Officer and Mr. Peter Sametz, Executive Vice President and
Chief Operating Officer. The presentation will be webcast by CNW Group and
will commence at approximately 3:15 PM MDT on Tuesday, May 13, 2008.
    To listen to and view the presentation please follow the link to the
webcast on Connacher's website at www.connacheroil.com or on CNW at
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2256320.

    Connacher Oil and Gas Limited is a Calgary-based Canadian oil and natural
gas exploration, development and production company. The company's principal
assets are its significant bitumen reserves and resources and its 100 percent
interest in approximately 95,000 acres of oil sands leases in the Great Divide
region 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 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.