Re: Random Connacher stuff..--goingsolo
in response to
by
posted on
Jun 14, 2008 07:21AM
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
You mentioned that pod 1 basically pays for the interest on the loan.----In fact, just 25% of full production would cover the interest on the loan.---Our interest, using 10.3% of $600 million, of which some is loaned out on short term interest, comes out to approximately a $5.2 million per month, average.----If management is correct, (the net earnings with only 5100 bpd production in March was $10 million), then with full production, (let's say, for argumentive sake, 10,200 bpd), the net per month, from pod 1, including paid out interest on a monthly basis, would be approximately, $20m, minus $5m, (interest)==$15 million.----My calculations are quick and simplified, so not exact, but you can get the drift anyways.---CHEERS!!!