Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: Treatment of Interest Expense

Treatment of Interest Expense

posted on Mar 05, 2008 06:18AM
Much has been said about the 10% 600 MM loan arranged recently. I believe most of this money will be spent on capital (Algar, conventional drilling, etc). As a result much of the interest costs for 2008 & 2009 will be capitalized as part of the asset costs and amortized over the life of the related asset and not impact operating cashflow to the full extent of 60MM / year.
1
Mar 05, 2008 08:27PM
9
Mar 06, 2008 05:16PM
Share
New Message
Please login to post a reply