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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: Jurek's calculations/Cornerg...
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Jun 12, 2008 07:13PM
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Jun 13, 2008 09:00AM

This is grate, Cornergas. Good work.

I assume you numbers are Q1 in to comparison Q2/2008 and are indicating the 24 cents/FD share of Net Cash Flow in Q2/2008 and 22 cents earnings. I totally accept you cash flow numbers. If Q3/4 will stay the same CLL will report over 80 cents Net cash flow for 2008.

The bottom part of the table ,related to earnings are missing the DD&A(Depletion, depreciation and accretion) which may have a major impact on the net earnings reported by CLL. Depends on the CLL accounting strategy it may be over 20 milions wich will brind the ernings to 13 cents/sh/Q2.

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