XBB,Rebel
I have to take the blame for the confusion.
No, I do not smoke ... but I like sipping.
Getting on the subject, I would make small correction to your (XBB) statement.
In 2009 CLL will be able to meet their operating expenses and interest payments by using the reminder of the $600 million loan.
In 2010 without Algar contributing to the cash flow and oil in the $40 to $50 range this may not be possible without extra cash injection (equtiy, partnership, new loan, etc).
Can anybody please push the Oil price to $65 so we can go on with our lives?