Connacher Oil and Gas Limited intends to offer, by way of a private placement, approximately $150 million (U.S.) principal amount of first lien secured notes expected to mature in 2014.Completion and pricing of the offering is subject to market and other conditions.Net proceeds, after deduction of the expenses of the offering, will be used for working capital and general corporate purposes, including funding a portion of the capital costs associated with the construction of Algar, the corporation's second 10,000 bbl per day steam-assisted gravity drainage oilsands project, once Connacher's board of directors decides to authorize reinstatement of construction at Algar and drilling of the associated 15 SAGD well pairs at an estimated cost of $200 million.
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机译：Connacher Oil and Gas Limited打算通过私募方式发行本金约1.5亿美元（本金）的第一留置权有担保票据，预计于2014年到期。发售的完成和定价取决于市场和其他条件。所得款项，扣除发行费用后，将用于营运资金和一般公司用途，包括为建设Algar（公司第二个每天10,000桶的蒸汽辅助重力排水油沙）建造相关的部分资本费用提供资金在Connacher董事会决定授权恢复阿尔加的建设并钻探相关的15对SAGD井对之后，该项目就需要花费2亿美元。
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