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: POD1 net cash flow

POD1 net cash flow

posted on Jun 01, 2008 05:55PM
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.
Share
New Message
Please login to post a reply