Re: CLL's Last Stand-News Release-rebels
in response to
by
posted on
Jun 10, 2009 10:13AM
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
Believe:
recent offering plus existing cash on hand ( including restricted) = 260 million as per slide 9.. The 150 million in notes, assuming they keep all of the 150 will bring the total cash on hand to $410 million dollars..
I'm assuming both were intended to replace the 200 million line of credit ( which was part of a $800 financing deal) which they cancelled.