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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: Yuma and CLL hot SP

Oct 16, 2011 11:47PM

Oct 17, 2011 08:23AM
2
Oct 17, 2011 03:57PM

Did you say Barrels of oil equivalent (boe/d) ?

This is getting more funny.

Go back to your Email from the management and read the management friendly advice (which is always given to every CLL shareholder so they can use their brain wisely).

barrels of oil equivalent (boe)...may be missliding... does not represent a value equivalency at the wellhead.

Simply put BOE volume production (NG converted at 6Mcf:1bbl) can not be use to calculated value or any other dollar calculation.

In your 14,500 BOE (you used to justified your imaginary #35) you are including worthless 3700Mcf Natural gas production which by the way was sold and does not longer exist.

In addition you are conveniently ignoring provided by the management maintenance and sustaining production cost ($7 bbl) and G/A cost ($4/bbl).

You now what? the calculator may be OK. Now I am not sure about the operator :=)

Anyway, the latest management production numbers is about 13,500 bbl of bitumen.

OK, No more numbers. Enjoy the ride.

From the hot, hot Yuma, Jurek.


Oct 18, 2011 10:14AM

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