Connacher Oil and Gas [SEP] inception
Resources Conservation Board for the development of its 24,000 bbl/d Great Divide Expansion Project. 
History.
In 2004 founder and CEO Richard Gusella, a veteran in the oil sands, began to build Connacher Oil and Gas Limited in increments by purchasing "one 10,000-barrel-per-day SAGD (steam-assisted gravity drainage) plant at a time," starting with underground oil sands leases south of Fort McMurray. He acquired Montana Refining Company, Inc. in Great Falls, Montana ", to hedge against a huge spread
Connacher Oil and Gas
Connacher Oil and Gas Limited is a Calgary-based exploration, development and production company active in the production and sale of bitumen in the Athabasca oil sands region. Connacher's shares used to trade on the Toronto Stock Exchange, but it was de-listed in 2016, after filing for insolvency.
Connacher's principal asset is a 100 percent interest in approximately 500 million barrels of proved and probable bitumen reserves located on the company's Great Divide oil sands 50 miles south of Fort McMurray, Alberta