debleagle

My calculation includes capital and operating cost related to POD1 project as well as Return Allowances which is 6% return on your investment. In addition I added the previous and future interest on old Oilsand loan and new NOTES for the Total accumulative cost of over $660M. Revenue from POD1 should exceed this cumulative cost in 2010/11 if the current bitumen price stay at this level.

As  I previously posted our royalties for POD1 will be as follow:

2008 --- 1% on Gross Revenue --$2M(old rates)

2009/2010---6% on Gross Raveniu ---$12M annually

2011 ---35% on Net Revenue----- $43M

In addition to royalties you have  to add corporate income tax (about $23) and interest payments . This will give you $30 to $40M net income from POD1. Not exactly a big mountain of cash.

Our Greens are under the 1 food of snow. Will return to golf in April.

Willbrich

I am aware of the NG upward momentum. I am enjoying the ride and will be taking profit at the end of March (PMT.UN and ECA).Canadian NG spot prices are just above $7/GJ. Storage is above 5 years average.

sharky

As always good charts and interesting interpretation.