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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: Slide show Dondon

Jun 10, 2009 12:21PM

Jun 10, 2009 12:35PM

Jun 10, 2009 12:54PM

Slide 11 estimates 2010 wellhead price of $38.10 (59%) of $65WTI, and $23.94 (37%) of $65WTI after costs.

Seems to be quite a bit lower than 2008 models where total integration of $36.80 was 57% of $65WTI, now total integration of $23.83 is 37% of $65WTI. But the variables probably aren't identical either. Still probably in the ballpark.

Interesting to see computations still based on average $65, just as they were a year ago. After all that commotion, one would expect a lower average.

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