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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
Message: POD1 net cash flow
| Months |
WTI ($) Average (E)= estimate |
CLL POD1 Wellhead netbac ($) |
CLL POD1 Bitumen Netback ($) |
Average POD1 production bbl/day |
CLL netback VS WTI (%) |
Net Cash flow (millions) |
Net Cash flow per share($) |
Royalties(%) |
| March |
102 |
53 |
31.4 |
5200 |
30 |
5.1 |
0.02 |
1 |
| April |
109 |
56 |
33,5 |
7000 |
31 |
7 |
0.03 |
1 |
| May |
120 |
62 |
37.5 |
8000 |
31 |
9.3 |
0.04 |
1 |
| June |
125(E) |
65 |
39 |
9000 |
31 |
10.5 |
0.05 |
1 |
|
Q2 |
120 |
62 |
37.5 |
8000 |
31 |
26.8 |
0.12 |
1 |
|
2008 |
120(E) |
62 |
37.5 |
7600 |
31 |
100 |
0.45 |
1 |
|
2009 |
120(E) |
62 |
35 |
10,000 |
29 |
110 |
0.55 |
6 |
| 2010 |
120(E) |
62 |
20 |
10,000 |
17 |
70 |
0.32 |
40 |
Note:
1. Net revenue= Gross revenue - diluent cost - transportation cost
2. Wellhead netbacks= net revenue/bitumen production sold
3. Bitumen netback = (net revenue -Royalties -operational cost)/bitumen production
4. Net cash flow = net revenue -Royalties -operational cost
5. Net earnings related to POD1 production will be 30 to 100% lower the net cash flow depends on depletion, depreciation and amortization rate as well as Finance charges and tax .
6.Wellhead netbacks and Bitumen netbacks are based on March numbers provided by CLL management in Q1 financial report.
7. A. 2009 Royalties are based on pre payout rate of 6%
B. 2010 Post-payout rate. POD1 cumulative 2008 and 2009 revenue will exceeds it`s cumulative costs(373 million).
8.2008 POD1 average production 7600bbl/d. Q3/4 10000/bbld and cash flow $0.15 per Q.
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