BOOSTER:

"Does anyone know what happened to the Presentations on CLL's website? "

Is it even relevant? All the information you're looking for is in the financial reports. What would be the purpose of keeping presentations on the website when the information in that presentation is written in the next quarters report?

"We have $401M in cash, but have $455M in working capital (let's keep it simple and say we can use the whole $455M as cash):"

It's called accounting,rules stipulate how things are to be reported..Financials are written by accountants, for other accountants to audit, following government guidelines, in order to provide an accurate assessment for both investors and the government ( tax purposes). It's not designed to make things easy for you to understand.

"1) we've earmarked approx $242M for Algar completion (2009-$175M, 2010-$72M)"

This includes 15 million budgeted as a contingency. This money may or may not be spent and is included to avoid cost over runs.

" capital expenditures for 2009 are now $325M (if we exclude Algar of $175M for 2009, if included here, we'll have $150M in "other-than-Algar" capital expenditures)."

Nobody said putting this thing together would be cheap..What's important is whether or not they're over budget,,and they're not.

$455M - $325M - $72M (in 2010 to complete Algar) = $58M"

You're assuming of course that CLL has ZERO revenue ..Your math only works if CLL pays all expenses using cash on hand.

" Additional funding required (thus the continued search of a Line of Credit) and whatever net income CLL could generate.Well I know one thing, I know they bought a digital camera so they can keep us abreast on how they can go CONSISENTLY over budget"

CLL has always been below budget,,show me where they went over..

In the second quarter of 2009, the company reported earnings of $40 million WTI crude oil averaged U.S.$51.57/bbl .. Oil is now trading over $71 a barrel and since July 1 ( beginning 3rd quarter) oil has averaged above $65.. Oil futures for the rest of the year are above $71 and ALL oil price hedges end Dec 31 2009.

OF COURSE additional funding will be required, that's a no brainer, unless of course they don't expand any further than Algar. Building plants cost money..

This quarter has PROVEN that CLL is a money maker when oil is at a certain price. ( this applies to all companies). There's room for improvement but it's clear that CLL has weathered the storm and is in a good position for the future, providing of course there isn't another collapse in oil prices.