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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: S&P cuts Connacher to 'B', may cut further
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-bbq,

Inspired by your glass half full list I added some numbers for the CLL conventional production.

As we suspected the cash flow from conventional sources are in the brake even range. If you some how could void the interest payments (20M/per Q) we could keep cursing just fine.

CLL Conventional production
 Current production
 Feb/2009 price $CND
 COST CND$(OP+Trans+Royal)
 90 Days NET OP Cash flow CND$ (millions)
LUKE (NG)
 13200 GJ/12600 mmcf
 4.5 per GJ
 2.2/GJ
 2.7
CRUDE OIL (convent.)
 1100 bbl/d
 40 bbl/d
 25/bbl
 1.5
MRC(Ref-Margin)
 9500 bbl/d
 10bbl/d
8.5
Total for the Quoter


12.7
Fixed cost(G&A+ tax)


5
Net Cash flow


7.7
EMG+ maintenance/per Quoter


5
NET


2.7





POD1
 5000/10000
 25
 25/27 (Q3/2008 was $35/bbl
 0
Interest payments per Quoter (CND$ Millions)


20


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