Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: Sharky

Sharky

posted on Jul 21, 2008 09:59PM

do they get a kind of average price for some period of time ?

IMO is safe to assume that CLL will get monthly average Wighted price for the Dil-Bit ($97.5 in June).

This would translate to about $43/b bitumen netback for CLL and if the trend continue we will see about 13 cents per share of net cash flow in Q3 related to POD1 production . When you add conventional assets production CLL may report about 23 to 25 cents net cash flow per share in Q3.

Q2 numbers are the history and were discussed here before.

Just for clarification: diluent is purchased on local market. Small amount of diluent was deliver from Montana mainly in Q4 and Q1 as per Q1 financial report. CLL Dil-Bit is sold on the local market as well.

PS. Congratulation Sharky on your nomination to Vice President position. I hope this will translate to better Pay Cheque.



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