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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: POD1 net cash flow
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Jun 03, 2008 03:03AM

You're right Jurek, my math was wrong. I was basing the some of the additional CF on the quarter not the month. Revised monthly figures would give 10 MM POD1 (your number) + 1.5 MM due to decrease operating costs from 20 to 15 / barrel + 1.5 from MRC based on a 5% margin. This 13 MM total can be added to the conventional 5 MM generated in March for a potential 18 MM / month CF or 216 MM / annum = .86 / share.


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